Mexico inflation seen ticking up in July to highest in over a year, Reuters poll finds

Reuters - 07/08
Mexico's headline inflation rate likely accelerated again in July to reach its highest level in more than a year, while the core index is forecast to continue to moderate, a Reuters poll showed on Tuesday.
MEXICO CITY, Aug 6 (Reuters) - Mexico's headline inflation rate likely accelerated again in July to reach its highest level in more than a year, while the core index is forecast to continue to moderate, a Reuters poll showed on Tuesday.
Increasing prices in July would likely make it more difficult for the Mexican central bank to cut its key interest rate in its decision later this week.
The median estimate of 16 analysts forecast an annual headline inflation rate in July of 5.57% (MXCPIA=ECI), opens new tab, its highest level in more than a year and its fifth consecutive month of ticking up.
The poll showed that annual core inflation, which elimi...
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