July 6, 2017 / 3:28 AM / a year ago

Inflation in Mexico seen at around 4 pct by early 2018 - Carstens

MEXICO CITY, July 5 (Reuters) - Mexico’s inflation rate should drop to around 4 percent by next January, Banco de Mexico Governor Agustin Carstens said in a recorded interview broadcast on Wednesday night.

“In January of next year, (inflation) should be below 4 percent,” Carstens told El Financiero Bloomberg.

The country’s top monetary policy authority later revised the comment to say that the measure of rising prices would be “around” 4 percent in January and could possibly dip lower as it eventually converges to the bank’s 3 percent target.

Mexico’s annual inflation rate rose faster than expected in early June to its highest in more than eight years.

Inflation for the year through mid-June was 6.30 percent, according to data from national statistics agency INEGI. (Reporting by David Alire Garcia and Lizbeth Diaz; Editing by Sam Holmes)

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