Inflation Rate in Mexico Reaches Highest Level in Six Months
Consumer price index reflects a significant annual increase as core inflation rises.
In May 2023, Mexico's inflation rate experienced a notable increase, marking the highest level observed in six months.
The National Institute of Statistics and Geography of Mexico reported that the consumer price index rose by 4.42% year-on-year, an uptick from 3.93% in April.
Additionally, the core inflation rate, which excludes the most volatile items such as food and energy, increased to 4.06% last month, up from 3.93% the previous month.
These figures indicate an emerging trend in monetary pressures within the Mexican economy.
The National Institute of Statistics and Geography of Mexico reported that the consumer price index rose by 4.42% year-on-year, an uptick from 3.93% in April.
Additionally, the core inflation rate, which excludes the most volatile items such as food and energy, increased to 4.06% last month, up from 3.93% the previous month.
These figures indicate an emerging trend in monetary pressures within the Mexican economy.
