Mexico Inflation Rate Slows in April



Consumer prices in Mexico increased 2.54 percent year-on-year in April of 2016, slightly down from a 2.6 percent rise in the previous month and compared to markets expectations of 2.6 percent.

Year-on-year cost of goods increased 3.37 percent (+3.23 percent in March), as food, drinks and tobacco rose 3.37 percent (+3.2 percent in March) and non-food products went up by 3.36 percent (+3.25 percent in March). Services recorded a 2.37 percent increase (the same as in March) as costs in education grew 4.12 percent (+4.13 in March), housing prices were 2.17 percent higher (+2.16 percent in March) and  prices of other services increased by 2.06 percent (the same as in March).

On a monthly basis, prices fell by 0.32 percent, following a 0.15 percent increase in the previous month. 

The inflation rate has been running below the central bank's 3 percent target since May last year. The central bank expects it to remain below target in coming months but to move temporarily above it by the end of the year. 

Mexico Inflation Rate Slows in April


INEGI | Francisco Caeiro | francisco.caeiro@tradingeconomics.com
5/10/2016 9:59:09 AM