Mexico’s annual inflation rate slowed for the fifth consecutive month to 5.06%, hitting its lowest level since March 2021.
Core inflation came in slightly above market expectations at 5.02% but is now at its lowest level since March 2021, data from the statistics agency INEGI showed.
Consumer prices fell 0.10% in June from May, versus an expected decline of 0.09%.
The core price index, which excludes some volatile food and energy prices in Mexico, rose 0.30% for the month, according to “Reuters.”
Mexico’s annual core inflation, which is a better gauge of price trends because it excludes some highly volatile elements, was 6.89% in June, beating expectations of 6.87%.
