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By THE PULSE NEWS MEXICO STAFF

Mexico’s National Consumer Price Index (INPC) soared to 5.87 percent in the first half of September, its highest level since the first half of June, the National Institute of Statistics and Geography (Inegi) reported on Thursday, Sept. 23

The index registered its highest level since the first half of the sixth month of this year, when it reached an annual rate of 6.02 percent.

Mexico’s inflation rate has broken the Central Bank’s (Banxico) targeted range of about 3 percent per annum for 13 consecutive fortnights, worrying investors and businesses alike.

“The INPC, driven by increases in food and energy costs, have rose 0.27 points in the first fortnight of September, compared to the previous one,” said Inegi President Julio Santaella on his Twitter account.

 

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