Mexican annual inflation rose more than expected in early April to hit its fastest pace in nearly 8 years, which could bode for further interest rate hikes from the central bank.
Inflation for the year through mid-April was 5.62 percent MXCPHI=ECI, the national statistics institute said on Monday.
The figure was the highest since June 2009, and above expectations of economists polled by Reuters for 5.58 percent.
Mexico's central bank governor Agustin Carstens last week signaled on that the bank's cycle of monetary tightening might not be over.
The Banco de Mexico has raised . . .
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