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By THE PULSE NEWS MEXICO STAFF

Despite an unanticipated .25 percent hike in interest rates by the Central Bank of Mexico on June 24, inflation in Mexico continued to rise in June, hitting an annual rate of 5.88 percent, the National Institute of Statistics and Geography (Inegi) reported Wednesday, July 7.

The Inegi said that the spike in consumer prices was primarily caused by increased costs for air transport, natural gas, high-octane gasoline and chicken.

In May, the Inegi reported inflation at 5.89 percent.