Mexico inflation rises to highest in over 3 years; basic interest rate seen on hold

The national statistics agency (INEGI) said consumer price inflation in the year through the first half of April rose to 6.05%, on the back of increasing energy and food, beverage and tobacco prices.

RIO DE JANEIRO, BRAZIL - Mexican annual inflation rose faster than anticipated in the first half of April, reaching its highest level in more than three years and far surpassing the central bank's target range, official data showed on Thursday.

The national statistics agency (INEGI) said consumer price inflation in the year through the first half of April rose to 6.05%, on the back of increasing energy and food, beverage and tobacco prices.

The figure exceeded the final consensus forecast of a Reuters poll of analysts for a headline reading of 5.84% and is the highest level since . . .

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