Mexico Inflation Higher Than Expected

Mexico’s annual inflation last year was 4.05%, higher than expected by most analysts and above the 4% ceiling predicted by the Central Bank. Consumer prices rose more quickly in December, up by 0.58%, as food prices climbed and growth picked up steam. Meanwhile, core inflation was up 0.43% in December, ending the year up 3.61%. Mexico’s inflation was 3.33% in 2005.