Mexico Inflation Rate Down to 6-Month Low

Mexican annual inflation rate decelerated to 3.5 percent in April of 2014 from 3.76 percent in March, as inflationary pressures from the new fiscal reform start to moderate.

Year-on-year, transport prices recorded the highest increase, but slowed to 7.2 percent from March’s 7.9 percent increase. Cost of alcoholic beverages and tobacco eased to 5.99 percent (7.12 percent in March), while prices of restaurants and hotels quickened to 5.5 percent (5.18 percent in the previous month). Food prices rose 1.73 percent; housing, water, electricity and gas went up 3.06 percent and health cost rose 4.23 percent. 

Month-over-month, prices fell 0.19 percent. It is the first drop in consumer prices in nine months, mainly due to lower food, housing, water and gas cost.  

The core index, which strips out some volatile food and energy prices, rose 0.29 percent during the month.

Mexico Inflation Rate Down to 6-Month Low

Joana Taborda |
5/8/2014 2:16:58 PM