Mexico: Inflation hits four-month high in July
Consumer prices increased 0.54% from a month earlier in July, on the heels of their 0.39% month-on-month climb in June. July’s rise was driven by a sharp increase in non-core fresh produce and energy prices, while prices for food and services rose only moderately. Core consumer prices—which exclude volatile categories such as fresh produce and energy—rose 0.29% month-on-month, accelerating from June’s 0.23% uptick.
Inflation rose in July, climbing to 4.8% from 4.6% in June on higher energy costs. Market analysts had expected as much. Meanwhile, core inflation was stable from a month earlier at 3.6%.