Mexico’s inflation rate was up slightly in the first half of July, according to poll by Reuters.
It rose to 3.58% from 3.5% during the last two weeks of June, according to the poll of 11 experts. Higher prices for energy and some food contributed to the gain, the news agency reported.
According to the report, public expenses jumped by 0.32% and there was a 0.32% increase in the core index. For the year, the experts predict a 3.73% yearly core inflation rate, the story said.
Mexico’s $2.4 trillion GDP makes it the 11th largest economy in the world. It has become the United State's third-largest import source and second-largest export market.
Aside from the U.S., Mexico has free trade agreements with 46 other countries.
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