That was higher than the 6.16 percent rate seen in the second-half of May and the highest since January 2009. Mexico's central bank is expected to raise interest rates later on Thursday to contain the spike in inflation and following the US Federal Reserve's move to increase borrowing costs. The closely watched annual core price rate, which strips out some volatile food and energy prices, ticked up to 4.82, above forecasts of 4.76 percent and compared to a 4.81 percent rate in the second half of May.
That was higher than the 6.16 percent rate seen in the second-half of May and the highest since January 2009. Mexico's central bank is expected to raise interest rates later on Thursday to contain the spike in inflation and following the US Federal Reserve's move to increase borrowing costs. The closely watched annual core price rate, which strips out some volatile food and energy prices, ticked up to 4.82, above forecasts of 4.76 percent and compared to a 4.81 percent rate in the second half of May.