The Imacec index, a proxy for gross domestic product, fell 0.5% in August from July, compared to the median estimate for a 0.2% gain from analysts in a Bloomberg survey
The advance in the CPI was supported by higher costs for rent, motor-vehicle insurance and air travel. New-car prices rose for the first time in five months
The five-member board of Banco de Mexico emphasized it will remain cautious before considering lowering rates from 11.25% given the inflationary outlook
Government data released Friday showed consumer prices rose 4.24% in mid-August from a year earlier, more than the 4.12% median estimate from analysts surveyed by Bloomberg
