Mexico Annual Inflation Up To 4.65% In April


In Mexico, the inflation rate accelerated to 4.65 percent in April, after surpassing the 4 percent ceiling of the official target range in March, the biggest increase since last October.

The categories which registered the highest yoy price increases were: fruits and vegetables (25.13 percent); livestock (12.66 percent); energy (6.48 percent); tariffs authorized by the government (6.26 percent); education (4.57 percent) and food, alcoholic beverages and tobacco (4.48 percent).

On a monthly basis, consumer prices rose 0.07 percent in April, down from the 0.73 percent registered in the previous month. The decline was mainly caused by a 2.81 percent fall in the price of energy. On the other hand, the price of fruits and vegetables increased 1.98 percent. 
 
Moreover, the core index which strips out some volatile food and energy prices rose 0.08 percent month-on-month in April, after increasing 0.3 percent in the previous month.

Duarte Ricardo | duarte.ricardo@tradingeconomics.com
5/9/2013 2:48:47 PM