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Mexico’s inflation accelerates to 8.7% year-on-year through August

Mexico's inflation accelerated to 8.7 percent year-on-year through August due to the prices of some agricultural products and food, according to the National Institute of Statistics and Geography (Inegi) on Thursday.

The autonomous agency's report said that the National Consumer Price Index (INPC) rose 0.70 percent in August from the previous month.

"In the same month of 2021, monthly inflation was 0.19 percent and annual inflation was 5.59 percent," the document said.

Core inflation, considered a benchmark for the decisions of Mexico's central bank, rose 0.80 percent in the month. . .

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