Mexican annual inflation surged early in October to a nine-month high, further above the central bank's tolerance ceiling, though the spike was expected to be temporary and wasn't expected to boost borrowing costs.
Mexican inflation for the 12 months through the first half of October was 4.32 percent, data from the national statistics institute showed Thursday, above the 4.28 percent expected in a Reuters poll and 4.22 percent rate in all of September.
The figure marked its fastest pace since January.
Central Bank Governor Agustin Carstens said earlier this month he expected Mexican inflation . . .
