Mexico | Increase in inflation: a passing phenomenon

So far this year we have seen a significant increase in inflation. From 2.1% at the end of 2015 and 3.3% at the end of 2016, we can see that annualised inflation at the end of April 2017 had increased to 5.8%, above the central bank’s 3% target and indeed above the 4% upper limit of the tolerance band

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