Mexico: Inflation climbs in April

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%.