Bank of Mexico expects inflation back on target in 2015
New consumer taxes and higher energy costs hiked inflation
The Bank of Mexico expects inflation to fall to around 3% in 2015, after ending 2014 above target, something the central bank attributes to new consumer taxes and higher energy costs.
Annual CPI inflation fell to 4.08% in December, slightly above the central bank's target range of 2% to 4%. Its lowest rate in 2014 was 3.5%, which was achieved in both April and May.
"The smaller increase in energy prices as well as the decline in prices of telecommunications are some of the factors that are
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