Mexico inflation rate at two-year high

Mexico's December annual inflation rose at the fastest pace in two years, data showed on Monday, boosting chances the central bank will raise interest rates again at a time when prices are expected to be further fanned by a hike in fuel costs.

Consumer prices ose 3.36 percent from December 2015, national statistics agency INEGI said on Monday, the highest rate since December 2014, and above the central bank's 3 percent target.

Source: Reuters