LatinNews Daily - 25 April 2023

In brief: Mexico’s inflation continues to fall

* Mexico’s national statistics institute (Inegi) has released the latest figures for the consumer price index (INPC), which shows that prices fell by 0.16% in the first two weeks of April, as compared to the previous two weeks. This brings annual inflation to 6.24% - the lowest rate since October 2021. This compares to inflation of 0.15% in the first two weeks of March, when annual inflation stood at 7.12%. On Twitter, the central bank (Banxico) governor, Jonathan Heath, noted that inflation in Mexico has shown a “slow downward trend” since hitting a peak of 8.7% in the third quarter of last year. Although Heath stated this downward trajectory was expected to continue, he warned that “a winding road is anticipated”.

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