Mexican inflation hits 7-year high of 6.2 percent

MEXICO CITY (AP) -- Mexico's inflation has hit a seven-year high of 6.2 percent.

Mexico's central bank says rising food and utility prices helped drive the increase in the first two weeks of November.

The bank said Monday the inflation figure was the highest since hitting 6.7 in June 2001.

October's inflation was reported at 5.8 percent.

The Bank of Mexico expects inflation to close the year at no higher than 6 percent. Next year's inflation is expected to be 4 percent or lower.

Mexico's economy has been hit hard by the global economic crisis. The peso has lost more than 30 percent of its value since August. It was trading at 13.5 to the dollar on Monday.

Mexico's benchmark IPC index, however, was up more than 5 percent to 19,184.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to Please provide detailed information.

powered by Disqus


6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Copyright © 2014 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 34992424 -
Gray Television, Inc.