Inflation spurts in Mexico
Consumer prices in Mexico
Mexico City - AFP
Inflation in Mexico rose in June to its highest level in more than eight years, to an annual rate of 6.3 percent, the National Statistics Institute reported Friday.
Consumer prices have risen sharply since the start of the year, a trend driven by higher energy prices and a weak peso against the dollar, which makes imports more expensive.
The annual rate registered in June was the highest since December 2008 when it hit 6.53 percent in the midst of the international financial crisis.
The annual inflation rate remained below the government target of 3.0 percent until September 2016 when it began spurting upwards.
The Banco de Mexico has responded by raising its benchmark interest rate ten times since December 2015 to 7.0 percent, its highest level since February 2009.
Last month analysts polled by the central bank forecast a 6.0 percent inflation rate by the end of the year, and then a decline to 3.8 percent by the end of 2018.
source: AFP
- Wednesday ,15 November GMT 11:21 2017 Enjoy a Timeless Festive Celebration at The St. Regis Saadiyat Island Resort, Abu Dhabi
GMT 11:13 2017 Sunday ,03 December
Naples pizza twirling seeks nod as UNESCO 'intangible'GMT 14:49 2017 Thursday ,30 November
Japan and China dominate list of world's top restaurantsGMT 11:21 2017 Wednesday ,15 November
Enjoy a Timeless Festive Celebration at The St. Regis Saadiyat Island Resort, Abu DhabiGMT 08:22 2017 Wednesday ,25 October
McDonald's profits jump as it eyes more home deliveryGMT 09:54 2017 Monday ,16 October
Lisbon's first Syrian restaurant a welcome sign for refugeesGMT 17:44 2017 Friday ,13 October
Federer, Nadal feast in 'China's most exclusive restaurant'GMT 11:56 2017 Friday ,22 September
From fleeing Syria to dazzling Merkel in the kitchenGMT 11:47 2017 Friday ,01 September
China fast-food operator pilots face-recognition payments
In The Swiss Alps
Five things to know about Davos
Davos - Muslimchronicle
With the World Economic Forum kicking off in earnest on Tuesday, AFP presents a guide to the week-long event in the Swiss Alps. - WHAT IS ‘DAVOS‘? - Davos is shorthand forfighting hate speech
Instagram, Google+ join EU group
Brussels - Muslimchronicle
Facebook's Instagram and the Google+ social network have agreed to join an EU-sponsored group of US internet giants to combat online extremism, EU officials said Friday. EU officials added that
At Sports Court
Russians challenge doping ban
Geneva - Muslimchronicle
Dozens of Russian athletes banned by the International Olympic Committee for life over doping began an appeal against their suspension on Monday at the world's top sports court. The week-long hearing at the Court of Arbitration for Sport (CAS) includesIn New Aid For War-Torn Yemen
Saudi-led coalition announces $1.5bn
Sanaa - Muslimchronicle
The Saudi-led coalition fighting in Yemen has pledged $1.5bn (£1.1bn) in new humanitarian aid for the country. It will also increase the capacities of Yemeni ports to receive aid and cargo shipments, and set up 17 "safe-passage corridors" for humanitarian groups. ThreeParis show pays homage
To 'eternal style' of late Alaia
Paris - Muslimchronicle
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led his
GMT 13:13 2017 Monday ,02 January
Qatar scraps National Day festivities over Aleppo
GMT 09:51 2018 Wednesday ,10 January
Conjoined Gaza twins separated
GMT 08:07 2018 Wednesday ,10 January
Philippines to protest over China activityGMT 17:35 2011 Monday ,10 October
Mix of colonial and contemporary
GMT 09:07 2017 Friday ,28 July
Lebanese army ‘strengthening positions’ against Daesh
GMT 09:57 2017 Monday ,26 June
Assy Al Helani does not mind to return to drama
GMT 09:10 2014 Thursday ,23 October
Art exhibition 'Dancing Water Drops' kicks off
GMT 09:02 2018 Sunday ,07 January
Ski jumper Stoch completes Four Hills clean sweep
GMT 22:28 2017 Sunday ,15 October
Futuristic solar-powered Dutch family car gives energy back to the grid
GMT 09:43 2017 Sunday ,27 August
One dead in Texas after Harvey wreaks havoc
GMT 22:02 2017 Tuesday ,04 April
Surge in coal pollution led to smaller newborns
GMT 16:57 2017 Thursday ,19 October
Scandal-hit Nissan suspends production for Japan market
GMT 00:55 2017 Saturday ,21 October
Ericsson sees signs of improvement after fourth straight quarterly loss
GMT 22:38 2017 Friday ,10 March
SUNA Forum to host Sudanese Bar Association Sunday
GMT 16:01 2017 Tuesday ,19 December
BCCI board elections date set
GMT 07:08 2017 Tuesday ,11 April
BDF Commander-in-Chief receives book on Bahrain's birds
GMT 09:48 2017 Saturday ,11 November
Trump stresses confident of China’s ability to contain N.Korea
GMT 07:26 2017 Wednesday ,15 November
Mazen hails of commemoration
GMT 18:41 2017 Saturday ,23 September
At least three killed in Sudan clashes over Bashir visit to south Darfur
GMT 22:57 2017 Wednesday ,04 October
Suicide bombing in Libya’s Misrata leaves 4 dead
GMT 09:09 2017 Saturday ,04 November
Russia embezzlement probe at rocket firm Soyuz
GMT 08:40 2017 Monday ,20 March
Fog blankets Saudi cities, unstable weather likely in UAE
GMT 02:09 2016 Wednesday ,14 December
Research: Lions in Zimbabwe reserve most threatenedGMT 20:06 2011 Tuesday ,23 August
Apple suppliers may be building 8GB iPhone
GMT 03:11 2017 Friday ,14 April
5 Sudanese soldiers killed in Yemen
GMT 10:04 2012 Monday ,02 July
Chevrolet\'s latest baby
GMT 22:27 2016 Friday ,01 July
Palestinian man killed by Israeli tear gas near Quds
GMT 19:52 2017 Monday ,13 February
Tour bus crashes in Taiwan, at least 32 dead
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
