Mexico Inflation Rate Stable in May

Mexican annual inflation rate was recorded at 3.51 percent in May of 2014, almost unchanged from 3.5 percent reported in April as a slowdown in prices of utilities offset higher food cost.

Year-on-year, food prices accelerated to 2.72 percent from 1.73 percent in April. Meanwhile, transport prices rose 7.25 percent, unchanged from April’s 7.2 percent increase and cost of restaurants and hotels held steady at 5.5 percent. In contrast, cost of housing, water, electricity and gas slowed to 2.64 percent from 3.06 percent in the previous month; prices of alcoholic beverages and tobacco eased again to 5.72 percent (5.99 percent in April) and health cost decelerated to 4.11 percent. 

On a monthly basis, consumer prices fell at a faster 0.32 percent in May, following a 0.19 percent drop in April. 

The core index, which strips out some volatile food and energy prices, rose marginally by 0.09 percent during the month.

Mexico Inflation Rate Stable in May

Joana Taborda |
6/9/2014 11:14:19 PM