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Mexico inflation seen ticking up to 14-month high in early August

A woman selects food at a supermarket in Ciudad Juarez,

MEXICO CITY (Reuters) – Mexican annual inflation likely accelerated in the first half of August to its highest level in over a year as the coronavirus pandemic helped to push up prices, a Reuters poll of economists showed on Friday.

The median forecast of 12 analysts surveyed by Reuters showed that inflation would tick up to 3.91% in early August from 3.66% in the second half of July <MXCPHI=ECI>. That would fan inflation to its highest peak since early June 2019.

The poll predicted that consumer prices likely rose 0.15% in the first half of August compared to the previous two-week period, while a measurement of core consumer prices was seen advancing by 0.14%. <MXCPIF=ECI> <MXCPIH=ECI>

As for core annual inflation, the analysts forecast a rate of 3.89%, the survey showed. <MXCPIC=ECI>

The national statistics institute is due to publish the latest inflation data on Monday morning.

(Reporting by Abraham Gonzalez, Noe Torres and Gabriel Burin; editing by Dave Graham and Grant McCool)

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