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Mexico's December inflation hit 6-month high

Thursday, January 9, 2014

Mexican inflation quickened in December to a six-month high on a spike in subway fares in the capital city and a jump in tomato prices.

Inflation in the 12 months through December rose to 3.97 percent, the national statistics institute INEGI said, marking the fastest pace since June.

The annual inflation result beat forecasts for a 3.91 percent rise and was above November's 3.62 percent pace.

Source: Reuters