Mexico: Inflation climbs in April
May 9, 2019
Consumer prices increased 0.05% from a month earlier in April, easing from the 0.39% month-on-month increase in March. According to the Statistical Institute (INEGI), higher core consumer prices (April: +0.46% month-on-month) were roughly offset by lower fuel costs.
Inflation jumped to 4.4% from 4.0% in March; core inflation, similarly, climbed to 3.9% from 3.6%.
Meanwhile, annual average inflation was stable from March at 4.6%.
Mexico Inflation Forecast
Analysts surveyed by FocusEconomics expect inflation to end 2019 at 3.7%, which is down 0.2 percentage points from last month’s forecast. For 2020, the panel sees year-end inflation at 3.6%.
Author: Christopher Thomas, Economist