Mexico: Inflation falls in June but remains above target
Latest reading: Inflation came in at 4.3% in June, which was down from May’s 4.4% but above the Central Bank’s 2.0%–4.0% target range. The downtick was largely due to a more moderate increase in prices for food and housing.
The trend was unchanged, with annual average inflation coming in at May’s 4.4% in June. Meanwhile, core inflation rose to 4.2% in June from the previous month’s 4.1%.
Finally, consumer prices increased 0.28% over the previous month in June, stable from May’s reading. June’s result marked the weakest reading since February.