Mexico Inflation Quickens In August

Mexico’s rate of inflation quickened in August, rising 0.51% to post cumulative inflation of 3.47% for the eight months through August, the highest level in six months. The monthly rise compares with an increase of 0.12% in August last year. The price rises were driven by increases in the cost of electric power and certain agricultural goods, according to the Central Bank. The Bank had forecast inflation of 3% for the year; most analysts are now predicting a rate closer to 3.4%.