Mexico: Inflation inches down to lowest level since May in December
Consumer prices increased 0.38% in December over the previous month, picking up from November’s 0.08% increase. Looking at the details of the release, transportation prices rose in December after dropping in the previous month, while prices for education and recreation, and clothing and textiles also gained steam.
Inflation came in at 3.2% in December, which followed November’s 3.3% print. December’s result represented the weakest inflation rate since May. Meanwhile, the trend was unchanged in December with annual average inflation matching November’s 3.4%. Lastly, core inflation rose to 3.8% from the previous month’s 3.7%.