Back

LatinNews Daily - 10 June 2021

In brief: Mexico’s inflation slows

* Mexico’s national statistics institute (Inegi) has published its latest figures on the consumer price index, which show that monthly inflation rose 0.2% in May, reaching 5.89% for the year. This figure remains far beyond the 3% +/-1 inflation target range set by the central bank (Banxico), although headline inflation fell in May compared to April figures, when annual inflation reached 6.08%. Core inflation rose by 0.53% in May, with an annual increase of 4.37%. Specifically, the price of goods increased by 0.62% and that of services by 0.42% month-on-month, and 5.76% and 2.84% annually respectively. Prices in the agricultural production and energy sectors fell by 0.75% in May compared with the previous month, the result of 2.71% deflation in energy and tariffs (inflation for agriculture and livestock increased by 1.91%), while annual inflation in these sectors reached 10.76%.

End of preview - This article contains approximately 151 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.