AFP, Mexico City :
Mexico’s annual inflation rate rose in May to its highest level in more than eight years, fueled by higher energy prices and lingering uncertainty over the key US trade relationship.
Consumer prices increased at a rate of 6.16 percent, according to official data released Thursday. It was the highest level since April 2009, when the international financial crisis was at its height.
Inflation has quickened in Mexico since the beginning of the year, when the government liberalized the price of gasoline and diesel as part of sweeping energy reforms.
Mexico’s central bank says the rise is also being driven by higher merchandise and agriculture prices and a weak peso-a lingering effect of US President Donald Trump’s tough talk on overhauling Mexico’s vital trade relationship with its northern neighbor.
Mexico’s annual inflation rate rose in May to its highest level in more than eight years, fueled by higher energy prices and lingering uncertainty over the key US trade relationship.
Consumer prices increased at a rate of 6.16 percent, according to official data released Thursday. It was the highest level since April 2009, when the international financial crisis was at its height.
Inflation has quickened in Mexico since the beginning of the year, when the government liberalized the price of gasoline and diesel as part of sweeping energy reforms.
Mexico’s central bank says the rise is also being driven by higher merchandise and agriculture prices and a weak peso-a lingering effect of US President Donald Trump’s tough talk on overhauling Mexico’s vital trade relationship with its northern neighbor.
