June 22, 2017 / 1:44 PM / in a year

UPDATE 1-Mexican inflation at highest in more than 8 years in June

 (Recasts with annual rate)
    MEXICO CITY, June 22 (Reuters) - Mexico's annual inflation
rate rose faster than expected in early June to its highest in
more than eight years, reinforcing expectations for another
interest rate hike by the central bank on Thursday.
    Inflation for the year through mid-June was 6.30 percent
            , the national statistics agency said on Thursday,
above forecasts in a Reuters poll for 6.25 percent. 
    That was higher than the 6.16 percent rate seen in the
second-half of May and the highest since January 2009.
    Mexico's central bank is expected to raise interest rates
later on Thursday to contain the spike in inflation and
following the U.S. Federal Reserve's move to increase borrowing
    The closely watched annual core price rate, which strips out
some volatile food and energy prices, ticked up to 4.82 
            , above forecasts of 4.76 percent and compared to a
4.81 percent rate in the second half of May.
    Mexican consumer prices rose 0.15 percent during the first
half of June compared to the prior month            , while the
core price index              climbed 0.17 percent.

 (Reporting by Michael O'Boyle; Editing by Bernadette Baum)
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