Mexican inflation picked up faster than expected in the first half of May, giving the central bank some food for thought as policymakers move to cut borrowing costs to alleviate the economic shock of the coronavirus crisis.
Data from the national statistics agency on Friday showed consumer prices rose in the year through early May by 2.83%, a level below the central bank’s target rate. Still, a Reuters poll of analysts had forecast a reading of 2.46%.
A breakdown of the agency’s data showed the cost of some foods, including tomatoes . . .
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