Puerto Vallarta News

Puerto Vallarta News

Mexico’s Inflation Cools Off in January

Inflation in the 12 months through mid-January eased to 3.08 percent, data from Mexico's national statistics office showed on Thursday. The figure was well below the 4.08 percent in the full month of December and the 3.45 percent expected in a Reuters poll.

Mexico's central bank has said it expects inflation to approach its 3 percent target by midyear, but has said a slump in the peso could add to inflationary pressures.

Mexico's currency has recovered a bit after hitting its weakest in nearly six years this month, but it has lost more . . .

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