Newspaper article from our research archive:
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Consumer Prices Down; Inflation-Busting Could Boost Mexican Economy.
- Article from:
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Knight Ridder/Tribune Business News
- Article date:
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August 10, 2001
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Copyright informationCOPYRIGHT 2001 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Brendan M. Case, The Dallas Morning News Knight Ridder/Tribune Business News
Aug. 10--MEXICO CITY--Consumer prices fell 0.26 percent in July from the previous month, the largest monthly price decline in more than 30 years, the Bank of Mexico reported Thursday.
While the July swoon in the consumer price index probably won't repeat itself in coming months, it highlighted a noteworthy trend: the central bank is reining in inflation after years of price hikes.
If authorities can stick to their inflation-busting course -- which is still a big if -- the tendency could exert a happy influence on the Mexican economy. Price stability helps companies plan for the long ...
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