Mexico Inflation June 2019

Mexico

Mexico: Inflation slips in June

July 9, 2019

Consumer prices rose 0.06% from a month earlier in June, contrasting the 0.29% month-on-month decline in May. According to the Statistical Institute (INEGI), June’s rebound largely reflected higher prices for recreation and culture, and health.

Inflation fell from 4.3% in May to 3.9% in June, thus landing within Banxico’s target range of 3.0% plus or minus 1.0 percentage point. Meanwhile, annual average inflation ticked down to 4.5% in June from 4.6% the previous month.

Analysts surveyed by FocusEconomics expect inflation to end 2019 at 3.7%, which is unchanged from last month’s forecast. For 2020, the panel sees year-end inflation at 3.5%.


Author:, Economist

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Mexico Inflation June 2019 0

Note: Month-on-month and year-on-year changes of consumer price index (CPI) in %.
Source: Mexico National Statistics Institute (INEGI).


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