Sunday, September 11, 2005
inflation
Mexico's rate of inflation at record low Adriana Arai
Bloomberg News
Sept. 11, 2005 12:00 AM MEXICO CITY- Mexico's annual inflation rate fell to the lowest on record in August, adding to expectations that the central bank will cut the benchmark lending rate for a second straight month.
Inflation in the 12 months through August slowed to 3.95 percent, the lowest rate since the central bank began keeping records in 1969, from 4.47 percent in July. The monthly inflation rate dropped to 0.12 percent from 0.39 percent in July as the cost of cars and foods such as tomatoes and avocados fell.
Bloomberg News
Sept. 11, 2005 12:00 AM MEXICO CITY- Mexico's annual inflation rate fell to the lowest on record in August, adding to expectations that the central bank will cut the benchmark lending rate for a second straight month.
Inflation in the 12 months through August slowed to 3.95 percent, the lowest rate since the central bank began keeping records in 1969, from 4.47 percent in July. The monthly inflation rate dropped to 0.12 percent from 0.39 percent in July as the cost of cars and foods such as tomatoes and avocados fell.
