Inflation in Mexico hits 8.70%; a level not seen since 2000

Mexico closed the month of August with annual general inflation of 8.70%, according to the National Institute of Statistics and Geography (Inegi) on Tuesday, where the prices of some agricultural products were those that presented the greatest price increase.

This figure exceeded the estimates of analysts, who expected 8.67% year-on-year in August for the National Consumer Price Index (INPC), which represents a level not seen since December 2000.

This new indicator was above 8.15%, the rate in July, according to Inegi data.

According to the statistical body, the . . .