Mexico Inflation Rate At Near 8-Year High of 5.82%


Consumer prices in Mexico jumped 5.82 percent year-on-year in April of 2017, following a 5.35 percent rise in March and above market expectations of 5.71 percent. The inflation rate accelerated for the tenth straight month, reaching the highest since May of 2009, mainly led by cost of food and energy after the government hiked gasoline prices in the beginning of the year.

Prices continued to rise for food, beverages and tobacco (6.77 percent vs 6.49 percent in March). Meanwhile, cost increased at a slower pace for housing (2.55 percent vs 2.56 percent), education (4.40 percent vs 4.41 percent) and energy (15.88 percent vs 17.09 percent).

The core index which strips out some volatile food and energy prices advanced 4.72 percent, following a 4.48 percent increase in March.

On a monthly basis, consumer prices went up 0.12 percent compared to a 0.61 percent gain in the prior month and the core index rose 0.45 percent.

INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/9/2017 2:21:07 PM