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Free AccessMNI BRIEF: Mexico Inflation 4.69% In May, Below Consensus
Mexico's annual INPC inflation was 4.69% in May, the Mexican National Institute of Statistics and Geography said on Friday, announcing a figure below the 4.82% consensus forecast. In monthly times prices fell by 0.19% compared with April.
Core inflation was 4.21%, compared to the 4.29% consensus. In April, general INPC was at 4.65%.
"Within the non-core index, on a monthly basis, the prices of agricultural products increased by 0.67%, while those of energy and government-authorized tariffs decreased by 3.00%. This was mainly due to adjustments in electricity tariffs for the warm season in 11 cities across the country," INEGI said. (See MNI INTERVIEW: Banxico Needs Better Data For More Cuts-Sanchez)
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.