Puerto Vallarta News

Puerto Vallarta News

Mexico inflation near 15-month high ahead of rates decision

Mexican inflation was close to a 15-month high during the first half of September, authorities said on Thursday, feeding speculation that the central bank will make a smaller rate cut at a monetary policy meeting later in the day.

Consumer prices were up 4.10% in the year through the first two weeks of the month, the national statistics agency said. That was just below a 4.11% rise in prices in the final half of August, the biggest jump since May 2019.

The Banco de Mexico is expected to cut the benchmark interest . . .

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