Puerto Vallarta News

Puerto Vallarta News

Mexico annual inflation picks up to two-year high in December

Mexico's annual inflation picked up slightly in December to the fastest pace in two years, data showed on Monday, boosting chances the central bank will raise interest rates again to offset a weaker peso.

Consumer prices MXCPIA=ECI rose 3.36 percent from December 2015, national statistics agency INEGI said on Monday, the highest rate since December 2014, and topping the central bank's 3 percent target.

The figure was below the 3.40 percent analysts forecast in a Reuters poll and up from the 3.31 percent reached in November.

Consumer prices could be fanned further by a . . .

Read Full Story

Related Posts

Sheinbaum to visit San Miguel for Indigenous justice plan

Sheinbaum to visit San Miguel for Indigenous justice plan

Sheinbaum visits San Miguel de Allende Sunday at 11 a.m. to present a Plan de...
FIFA okays Uruguay World Cup base in Playa del Carmen

FIFA okays Uruguay World Cup base in Playa del Carmen

FIFA cleared Uruguay to use Fairmont Mayakoba in Playa del Carmen as its 2026 World...
Why January triggers food guilt and harsh dieting in Mexico

Why January triggers food guilt and harsh dieting in Mexico

After December’s long feast season, January’s “fresh start” pressure can turn food into a moral...
Playa del Carmen taxi driver accused of beating Russian

Playa del Carmen taxi driver accused of beating Russian

A Russian tourist in Playa del Carmen says a taxi driver robbed and beat her,...