Mexico’s inflation rebounds in June

Mexico’s inter-annual inflation rebounded to 4.65 percent in June due to pressure on fuel prices, according to data by an independent organization. The figure is greater than the 4.51 percent from the end of May, but is still below the 6.31 percent registered in the same month last year, according to the National Institute of Statistics and Geography (INEGI). This is the highest level this year and the first rebound after five months of slowing down. Domestic gas prices grew 5.85 percent in June compared to the previous month, while low octane gasoline grew 1.45 percent during the same period, according to INEGI’s monthly report.