| Inflation to Remain Above Target in 2014, Mexico's Carstens Says Nacha Cattan - Bloomberg News | |
| go to original November 6, 2013 |
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Mexico central bank Governor Agustin Carstens said 2014 inflation (MXCPYOY) will remain above target next year after Congress approved higher taxes on junk food and soda.
Mexico’s inflation rate will accelerate to about 3.5 percent next year, above the 3 percent target first set by the central bank in 2003, Carstens told reporters today in Mexico City. The central bank had forecast inflation “near 3 percent” by the end of next year in its Aug. 7 quarterly inflation report. The bank publishes its third-quarter report tomorrow.
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