What Is the Inflation Rate in Mexico

Mexico has been able to keep its inflation rate below double digits for the last 15 plus years.  It was commonplace for the inflation rate to clip 15% throughout the 70s and 80s.  Recently due to the increase in food costs around the globe, the Mexican core inflation rate has been approaching 5%.  Recently the Mexican central bank raised the benchmark interest rate to 7.75% to fight these inflationary pressures.  The annualized inflation rate for Mexico hit 4.95% in May.  This rate represents a 3 1/2 high.  The Banco de Mexico reports the Mexican inflation rate (CPI) and it can be tracked on Bloomberg.com.