US Markets

Mexico inflation ticks above year high in early August

Credit: REUTERS/TOMAS BRAVO

Mexican annual inflation accelerated in the first half of August to its highest level in over a year, above expectations, data from the INEGI national statistics agency showed on Monday.

Adds details throughout

MEXICO CITY, Aug 24 (Reuters) - Mexican annual inflation accelerated in the first half of August to its highest level in over a year, above expectations, data from the INEGI national statistics agency showed on Monday.

Annual inflation in the first half of August increased to 3.99%, as consumer prices rose 0.24% during the first half of August.

A Reuters forecast of analysts expected inflation to tick up to 3.91% in early August from 3.66% in the second half of July, as the coronavirus pandemic helped push up prices.

The closely watched core price index, which strips out some volatile food and energy prices, climbed 0.18% in early August.

Core consumer prices rose 3.93% in the year through the first half of August.

(Reporting by Anthony Esposito Editing by Chizu Nomiyama)

((anthony.esposito@tr.com; +5255 5282 7140;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More