He Mexico’s annual Consumer Price Index (CPI) has increased to 4.69% in May from 4.65% in April, reaching its highest level in four months, as reported by the National Institute of Statistics and Geography (INEGI).
On a monthly basis, headline inflation has fallen 0.19% after increasing 0.20% the previous month.
For his part, the Underlying CPI monthly has grown 0.17% in May compared to 0.21% in April. The annual rate was located at 4.21% after reaching 4.37% the previous month.
USD/MXN reaction
The Mexican Peso has barely reacted to the data, as USD/MXN traders await the publication of the US Non-Farm Payrolls, which may generate important movements in the pair. At the time of writing, the US Dollar is trading against the Mexican Peso above 17.92, falling 0.35% daily.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
