Mexico Inflation Rate Highest Since April 2009


Consumer prices in Mexico jumped 6.16 percent year-on-year in May of 2017, following a 5.82 percent rise in April and slightly above market expectations of 6.15 percent. The inflation rate accelerated for the eleventh straight month driven by higher cost of housing and utilities, food and energy.

Prices advanced at a faster pace for housing and utilities (2.56 percent vs 2.55 percent in April); food, beverages and tobacco (6.78 percent vs 6.77 percent) and energy (16.09 vs 15.88 percent). Also, cost increased for education (4.40 percent, the same pace as in previous month).

The core index which strips out some volatile food and energy prices advanced 4.78 percent, following a 4.72 percent rise in April.

On a monthly basis, consumer prices went down 0.2 percent compared to a 0.12 percent gain in the prior month and the core index increased 0.28 percent, easing from 0.45 percent.

INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
6/8/2017 1:22:10 PM