Mexico cenbank sees inflation converging to 3 pct by end 2016

Mexico's headline inflation rate should converge towards its 3 percent target towards the end of 2016, Central Bank Governor Agustín Carstens said on Tuesday.

In remarks made to Congress, Carstens added that recent advances in the price of agricultural goods had been led by seasonal increases in the cost of certain foodstuffs.

Mexico's annual consumer price inflation rate stood at 2.60 percent in the 12 months through March.