Mexican price spike compounds rate dilemma

Inflation jumped almost half a point in November to more than twice the Bank of Mexico's target adding to policymakers' woes ahead of the next rate decision slated for mid-January.

Annual CPI hit 6.23% last month, its highest level in more than seven years as costs increased for electricity and foodstuffs. The rate has ticked up steadily from 3.7% at the start of the year and now stands at more than twice the central bank's target of 3%.

With the Mexican economy suffering with the rest of the

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