Mexico Inflation Rate Decelerates in March
Mexican annual consumer prices slowed for the second straight month to 3.76 percent in March of 2014, down from 4.23 percent in February. The inflation is now below the central bank’s 4 percent limit.
A year earlier, the inflation was recorded at 4.25 percent.
Year-on-year, transport prices rose the most (7.9 percent), followed by alcoholic beverages and tobacco (7.12 percent) and cost of restaurants and hotels (5.18 percent).
From February to March, prices increased 0.27 percent, slightly faster than 0.25 percent in the previous month.
The core index, which strips out some volatile food and energy prices, rose 0.21 percent during the month.
4/9/2014 3:19:13 PM