UPDATE 1-Mexican inflation coming from abroad, not public spending, says finance official

Inflationary pressures in Mexico are mostly being imported from abroad, and are not coming from public spending, Deputy Finance Minister Gabriel Yorio said in an interview at Mexico's annual banking convention on Thursday. "We don't agree with the assumption that public spending is generating inflationary dynamics," Yorio said. Earlier this week, Bank of Mexico deputy governor Jonathan Heath said that expansive fiscal policy in the run-up to general elections was complicating the bank's work in taming inflation this year.