Friday, October 19, 2012

Reuters: US Dollar Report: Mexico's Carstens says food price rise is transitory

Reuters: US Dollar Report
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Mexico's Carstens says food price rise is transitory
Oct 20th 2012, 01:15

MEXICO CITY | Fri Oct 19, 2012 9:15pm EDT

MEXICO CITY Oct 19 (Reuters) - Mexico's central bank chief Agustin Carstens said on Friday a rise in food prices that has driven up inflation was transitory and would be difficult to contain with monetary policy.

"These are transitory issues," he said at an event in Mexico City, referring to a recent spike in the cost of eggs and other agricultural products.

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