Mexico Inflation May 2019

Mexico

Mexico: Inflation slips in May

June 7, 2019

Consumer prices declined 0.29% from a month earlier in May, contrasting the 0.05% month-on-month increase in April. According to the Statistical Institute (INEGI), lower fuel costs more than offset higher core consumer prices (May: +0.16% month-on-month).

Inflation inched down to 4.3% from 4.4% in April; core inflation, similarly, slid to 3.8% from 3.9%.

Meanwhile, annual average inflation was stable from April at 4.6%.

Analysts surveyed by FocusEconomics expect inflation to end 2019 at 3.8%, which is up 0.1 percentage points from last month’s forecast. For 2020, the panel sees year-end inflation at 3.6%.


Author:, Economist

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Mexico Inflation May 2019

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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