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Inflation in Mexico reaches 21-year high; in Brazil, prices fall after Bolsonaro’s measures

Mexico's inflation accelerated broadly in line with analysts' estimates in July at the fastest pace since early 2001, while the central bank is expected to announce a second consecutive 75 basis point increase to its key interest rate this week.

Consumer prices rose 8.15% last month from a year earlier, slightly faster than the median estimate of economists surveyed by Bloomberg of 8.14%, the National Institute of Statistics . . .

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