Mexico's inflation picks up more than expected in early September

MEXICO CITY, Sept ‌24 (Reuters) - ​Mexico's ​12-month inflation rate accelerated more than expected in the first half ‌of September, while core inflation continued to ⁠ease, data from national statistics agency INEGI ‌showed on Thursday.

• Annual ‌inflation in Latin America's second-largest economy hit 3.42% in the period, INEGI said, ​up from 3.26% a month earlier.

• Economists in a Reuters poll had ⁠forecast it to come in at 3.37%.

• Meanwhile, the ​closely watched core price index, which strips out some volatile food and ​energy prices, continued its ‌downward trend.

• Core inflation reached 3.79% in the 12 months through ⁠early September, down from 3.93% in the first half of August and slightly below ⁠economists' expectations of 3.81%.

• Annual core inflation is ​within the Bank of Mexico's target range of 3%, plus or minus one percentage point.

• On ‌a monthly basis, consumer prices rose 0.33% during the first half ‌of September, while the core price ⁠index was up ‌0.17%, INEGI said.

(Reporting ​by Isabel Teles; Additional reporting by Aida Pelaez-Fernandez; Editing by Gabriel ‌Araujo)

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