Mexico’s consumer prices rose more than expected in early December as increased holiday season-related spending keeps pressure on the central bank.
Consumer prices rose 4.46% compared to the same period a year earlier, up from 4.33% in late November, the national statistics institute reported Thursday. The print was above the 4.36% median estimate of analysts in a Bloomberg survey.
Read More : Mexico Confronts Unfavorable Inflation Developments Amidst Holiday Spending Spike