Puerto Vallarta News

Puerto Vallarta News

Mexico Annual Inflation Slows But Still Above Ceiling

Mexican annual inflation remained above the central bank's tolerance ceiling in early September but cooled slightly versus late August, suggesting that policymakers will hold borrowing costs steady at a record low for some time.

A separate report showed Mexico's economy grew at its fastest pace in three months in July, in a sign that Latin America's No. 2 economy is picking up after a weak start to the year.

Inflation for the 12 months through the first half of September slowed to 4.21 percent, below the 4.23 percent rate reached in the second half of . . .

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