Mexico City - Mexico's inflation rate was 6.53 per cent in 2008, its highest in eight seven years, the Mexican Central Bank said Thursday.
In 2000, Mexico recorded an annual inflation rate of 8.96 per cent. In 2007, it was 3.76 per cent, closer to the country's long- term goal of 3 per cent per year.
The forecast for the new year remained grim as the country's economy would not grow in 2009, the Finance Ministry warned. With its close economic ties to the United States, the Mexican economy is also suffering the impact of the global financial crisis.