Mexican inflation seen spiking due to fuel price hike

Reuters - The Mexican government's announcement that it will hike gasoline prices by up as much as one-fifth next month has prompted economists to begin raising 2017 inflation forecasts, putting the central bank's target rate in increasing doubt.

Mexican bank Banorte hiked its 2017 inflation outlook to 4.7 percent from 4.3 percent after the finance ministry said on Tuesday that new January price ceilings would be 14.2 percent to 20.1 percent above December's highest recorded prices.

Brokerage Finamex, which will soon revise upward its 4.5 percent inflation forecast for 2017, said the . . .

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