Mexico's consumer prices rose 4.65% YoY in April, exceeding the central bank's 4.0% target range.
Mexico's consumer prices rose 4.65% YoY in April, up from 4.42% in March, and above the 4.63% median estimate. Core inflation slowed to 4.37% in April from 4.55% a month earlier, under the 4.39% median estimate. This inflation increase could cement a rate hold at the central bank's monetary policy meeting. Mexico's inflation remains above the central bank's upper target range of 4.0%.
May 09, 2024
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