September 7, 2018 / 2:52 PM / 17 days ago

UPDATE 1-Mexico inflation higher than expected in August

 (Adds details from inflation report)
    MEXICO CITY, Sept 7 (Reuters) - Mexican inflation was higher
than expected in August, mostly due to a rise in gasoline and
gas prices, official data showed on Friday.
    Mexican consumer prices rose 4.90 percent in August,
compared to 4.81 percent in July, and above the 4.83 percent
analysts had forecast in a Reuters poll.
    The central bank hiked its inflation estimates for this year
and next year at the end of August, predicting inflation would
approach its 3.0 percent target by the first half of 2020.
                
    Consumer prices              rose 0.58 percent in August,
according to non-seasonally adjusted figures.
    The core index, which strips out some volatile food and
energy prices, rose 0.25 percent during the month             .

 (Reporting by Sharay Angulo; Editing by Bernadette Baum)
  
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