Mexico's year-end inflation is forecast at 4.01
percent, up from 3.91 percent forecast in August and 3.81 percent in July, according to the country's economists, growing due to the
recent bird flu outbreak and drought pushing prices higher.
Increases in the costs of poultry, eggs and corn increased annual inflation
to 4.45 percent in mid-August from 4.42 percent at the end of July. “We have to
be alert,” said Sergio Martin, chief economist at HSBC Mexico SA. “But we aren’t
worried, because the rise is in non-core inflation,” mainly farm
prices. Mexico's central bank targets inflation of 2 percent to 4 percent. Mexico's economy is expected to expand 3.75 percent in 2012.
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