mexico inflation hits new sevenyear high
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Mexico inflation hits new seven-year high

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleMexico inflation hits new seven-year high

Mexico's President Enrique Pena Nieto
Mexico City - AFP

Mexico's inflation rate hit a new seven-year high in March, official data showed Friday, adding to the case for more interest rate hikes by the central bank.

The annual inflation rate reached 5.35 percent last month, its third month above the central bank's target ceiling of four percent, according to national statistics institute INEGI.

Latin America's second-largest economy is facing instability unleashed by the arrival of US President Donald Trump, whose vows to build a border wall and overhaul Mexico's privileged trade relationship with the US are causing jitters.

That in turn caused consumer prices to rise as imported goods became more expensive.The peso plunged when Trump took office in January, hitting record lows as investors dumped Mexican assets.

Adding to the inflationary pressure, President Enrique Pena Nieto's government raised gasoline prices by more than 20 percent as part of a sweeping energy reform.

Last month, the central bank raised its key interest rate to its highest level in eight years: 6.5 percent.

However, with the peso now on the rebound, inflation may be near its peak, forecast consultancy Capital Economics.

"Assuming that (inflation) remains broadly stable we anticipate only a couple more interest rate hikes," it said in a note.

source: AFP
 

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

mexico inflation hits new sevenyear high mexico inflation hits new sevenyear high

 



Themuslimchronicle, themuslimchronicle

GMT 17:45 2017 Friday ,25 August

1400 surgeries performed on Hajj pilgrims

GMT 16:50 2018 Monday ,08 January

Kyrgios claims Brisbane title

GMT 08:50 2017 Wednesday ,08 November

Toyota upgrades full-year net profit

GMT 20:49 2016 Wednesday ,22 June

Jordan's King meets US Official

GMT 15:37 2017 Friday ,27 January

Trump versus the press

GMT 14:36 2016 Monday ,11 April

Barcelona must prove they are world's best

GMT 14:23 2016 Friday ,14 October

Kidman drew on own experience for ‘Lion’

GMT 21:08 2017 Tuesday ,31 January

Motorcity honoured as ‘Distributor Champion’

GMT 13:32 2017 Thursday ,12 January

Baboons make vowel-like sounds, similar to humans

GMT 07:18 2016 Thursday ,19 May

US kills 2 'high-value' Daesh targets

GMT 19:31 2016 Tuesday ,22 November

Al-Asiri: No extension of Yemen cease-fire

GMT 12:59 2017 Thursday ,23 March

Virat 'great ambassador of game'

GMT 15:00 2016 Monday ,12 September

Iraqi-American designer stuns NY Fashion Week

GMT 04:47 2016 Saturday ,19 November

50 Houthi militias killed by army forces in Yemen

GMT 09:50 2017 Thursday ,16 November

Aid slow to reach quake-hit Iranian villages

GMT 18:54 2017 Tuesday ,03 October

Ambassador honours Bahraini students in UK

GMT 11:24 2017 Tuesday ,15 August

Saudi Cabinet refuses attempts to politicize Hajj
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle