Mexico Annual Inflation Down To 4.63% In May


In Mexico, the inflation rate eased to 4.63 percent in May, from 4.65 percent in April. It is above the Central Bank´s target limit of 3 percent for the sixth consecutive month.

The categories which registered the highest yoy price increases were: fruits and vegetables (15.5 percent); livestock (15.1 percent); energy (8.2 percent), tariffs authorized by the government (6.5 percent); education (4.4 percent) and food, alcoholic beverages and tobacco (4.4 percent).

On a monthly basis, consumer prices edged down 0.33 percent in May, after expanding 0.07 percent in the previous month. The contraction was mostly driven by a 5.7 percent fall in the price of energy and a drop of 4.4 percent in the costs of fruits and vegetables. 

The core index which strips out some volatile food and energy prices rose 0.2 percent month-on-month in April, after increasing 0.08 percent in the previous month.

Mexico Annual Inflation Down To 4.63% In May


Duarte Ricardo | duarte.ricardo@tradingeconomics.com
6/7/2013 4:15:03 PM