Mexico Inflation Rate Slows Slightly

Mexican consumer prices rose 3.06 percent year-on-year in April of 2015, easing from a 3.14 percent increase in March and closer to the central bank’s target. The monthly index fell 0.26 percent, the highest drop in eleven months.

Year-on-year, transport prices rose at a slower 2.9 percent from 3.71 percent in the previous month. In contrast, cost of food and nonalcoholic beverages went up 5.64 percent, compared to 5.06 percent in March and posting the highest increase while communications fell the most by 11.44 percent.

On a monthly basis, consumer prices fell 0.26 percent, driven by a 1.51 percent drop in prices of housing and utilities and a 0.3 percent fall in transport cost. Prices of recreation and culture went down 0.78 percent. 

The core index, which strips out some volatile food and energy prices rose 0.16 percent on the month, bringing the annual rate to 2.31 percent, down from 0.26 percent and 2.45 percent respectively in March.

Mexico Inflation Rate Slows Slightly

Joana Taborda |
5/7/2015 2:16:45 PM