| | |  Business News 
Mexico Consumer Prices Rise 0.28 Pct in August
 Patrick Rucker - Reuters
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September 10, 2010
Mexico City - Mexico inflation rose less than analysts expected in August as consumer prices were held down by weak economic growth.
Mexican consumer prices rose 0.28 percent in August, the central bank said on Thursday.
Analysts polled by Reuters had expected prices would rise 0.32 percent.
The closely watched core index, which strips out some volatile food and energy prices, rose 0.1 percent during the month.
Consumer prices rose 3.68 percent in the 12 months through August, up from a reading of 3.64 percent in July.
The finance ministry foresees a relatively weak recovery next year for the Mexican economy, which is tied closely to that of the United States, with 2011 growth forecast at 3.8 percent and inflation seen at a relatively muted 3 percent.
Since roughly 80 percent of Mexican exports are absorbed by the United States, a weak recovery there is expected to weight on growth south of the border.
(Editing by Chizu Nomiyama)
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