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LatinNews Daily - 10 June 2021

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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%.