Mexico: Inflation slows in April from the prior month
Latest reading: Consumer prices were up 4.4% in annual terms in April, following a 4.6% rise in the prior month and above the Central Bank’s 2.0%–4.0% target range.
Relative to the prior month’s figures, price pressures reduced for food, beverages and tobacco in April (+6.3% in annual terms vs +6.9% in March). In contrast, there were higher price pressures for transportation (+3.2% vs +2.7% in March) and education and recreation (+3.4% vs +3.3% in March). Finally, the variations in clothing, footwear and accessories and housing were the same as in the prior month (+2.7% and +3.0%, respectively).
Meanwhile, core consumer prices rose 4.3% in annual terms in April, following a 4.4% increase in the previous month.
Lastly, consumer prices rose 0.20% in April on a month-on-month basis, following a 0.86% rise in the previous month.