Mexico's inflation near 6.6 percent

Mexico's inflation near 6.6 percentMEXICO CITY (AP) -- Mexican inflation has reached a yearly pace of nearly 6.6 percent, the quickest in seven years.
Mexico's central bank says consumer prices rose 0.45 percent in the first two weeks of December, pushed by jumps for cigarettes, tourism packages and airline tickets.
Inflation hit its highest level in seven years in October and has continued to rise.

Inflation last year was 3.7 percent.The bank has raised interest rates three times this year to slow inflation, but it kept rates stable at 8.25 percent in October and November to protect the battered peso.
The central bank has forecast inflation to be between 5.5 and 6 percent at the end of the fourth quarter

[ForexGen Promotions]

As ForexGen believes that its success depends totally on its client's satisfaction and success, ForexGen is sharing its growth and new site release with wonderful promotion packages.

*[Claim Your Bonus]
* [Live Account Contest]
*[ Demo Account Contest]
* [Refer A Client]
* [Scalping enabled Account]