The closely watched core price index, which strips out some volatile food and energy prices, climbed 0.15% in early July, compared with 0.22% a month earlier. The 12-month core rate came in at 4.25%.

The median forecast from 11 analysts was for a 3.64% annual headline inflation rate, down from 4.13% in the second half of June. The rate would place it within the central bank's target range of 3 ...

The Treasury Department, for the first time, used a new authority to require U.S. financial institutions to cut ties with three Mexico-based banks for laundering money on behalf of cartels.

However, a dozen economists surveyed by Reuters still expect the Bank of Mexico to implement its fourth consecutive rate cut of 50 basis points at its next meeting on June 26.