Mexico: Inflation inches up in June
July 7, 2011
In June, consumer prices remained flat over the previous month, which was above the 0.74% price drop recorded in April but in line with market expectations that had prices decreasing 0.05%. The reading was the result of lower prices for food and non-alcoholic beverages, which offset moderate price increases in nearly all remaining categories. Owing to the subdued monthly reading, annual headline inflation inched up from 3.2% in May to 3.3% in June, which is close to the Central Bank's permanent inflation target of 3.0%.