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%.
Author: Javier Colato, Economist