Mexico’s inflation hits new low in December

December 23, 2015

Mexico's annual inflation cooled to a fresh record low in early December, showing little impact from a sharply weaker peso currency after the central bank hiked rates for the first time in seven years.

Inflation in the 12 months through mid-December slowed to 2.00 percent, the national statistics institute said on Wednesday, well below the 2.21 percent reached in the full month of November, its seventh consecutive record low.

A poll of analysts by Reuters forecast a rate of 2.05 percent.

Mexico's central bank has said it expects annual inflation to end the year . . .

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