The rate in the first two weeks of August was the highest in the first half of any month since June 2001
It is the first annual decrease after 5 months of rising rates
Taxes and gasoline prices boost drink price, says CRT
The Governor of the Bank of Mexico assured that the “monetary policy has a delayed effect on inflation”
Last month, Mexico's central bank raised its key interest rate
Mexico's inflation expected to begin declining significantly in the second half of the year
MEXICO-FINANCE: "In general we do not see evidence of second-round effect so... you could say the situation is under control. But on the other hand there are a number of upside risks so we have to be very careful"
"Our main job is to maintain inflation expectations well anchored"
The central bank said it raised rates to avoid consumer price contagion following a jump in gasoline prices and to anchor inflation expectations.
Inflation in the 12 months through mid-January was 4.78 percent, the national statistics institute said on Tuesday, the highest half-month reading since September, 2012