Mexico recorded 6.77 percent annual inflation in 2017, the country said Tuesday, more than double its 3 percent target and a 17-year high.
The government’s National Institute of Statistics and Geography published the widely expected figure, also saying that consumer prices rose 0.59 percent in December.
“The inflation rebound is the direct consequence of unleashed lagged prices and the expansionary effects of prolonged fiscal and monetary policies in the previous few years,” said Alfredo Coutino, Latin America director at Moody’s Analytics.
He added in a report that inflation is “not out of control” in Mexico . . .
