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Mexican consumer prices advanced 0.3% month-on-month in August

Staff Writer |
Headline inflation was on the rise in Mexico, but stable core prices meant the central bank's neutral stance was justified in the near-term.

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Consumer prices advanced by 0.3% month-on-month in August, as expected, yet the year-on-year rate of change was steady at 2.7%.

Economists had forecast an annualised pace of price gains of 2.8%.

Core prices rose 0.2% over the month, but remained at 3.0% in annual terms, for a fourth consecutive month, benefiting from recent stability in the country's exchange rate.

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