Mexican Inflation Drops on Energy and Food Prices

Mexican inflation slowed in the first half of May, as a drop in electricity rates and lower fruit and vegetable prices helped pull down the consumer price index.

The CPI fell 0.37% in the first two weeks of the month, in line with expectations, leading the 12-month rate to ease to 3.44% from 3.5% at the end of April, the National Statistics Institute said on Thursday.

The application of summertime electricity subsidies in northern cities and lower prices for tomatoes and limes were partially offset by higher prices of gasoline and other foods.

via Nasdaq

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza