Mexico headline inflation expected to ease in early May
A Reuters poll indicates Mexico's annual headline inflation likely slowed to 4.13% in the first half of May. While summer electricity discounts helped lower overall prices, core inflation is expected to tick up to 4.26% due to persistent pressure in the services sector.
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Mexico headline inflation likely slowed to 4.13% in early May, marking a fourth consecutive fortnightly decline. A Reuters poll of 12 analysts suggests the Bank of Mexico will maintain interest rates at 6.50% for an extended period. Core inflation is expected to edge up to 4.26% after six consecutive declines, reflecting persistent price pressures in services.
