He Mexico's Consumer Price Index (CPI) rose 0.09% monthly in the first half of Aprill, after growing 0.27% in the previous fortnight, as published by the National Institute of Geography and Statistics (INEGI). The data has been above the -0.03% expected by the market.
With this result, annual general inflation stood at 4.63%. In the same fortnight of 2023, biweekly inflation was -0.16% and annual inflation was 6.24%.
The Core inflation has increased by 0.16%, as expected, after growing 0.27% in the second half of March. At an annual rate, the underlying CPI stood at 4.39%.
Mexican peso reaction
The Mexican peso has strengthened after the publication, since the slight increase in the CPI, worsening the estimated decrease, could delay Banxico's rate reduction path. The USD/MXN has fallen with the data to 16.90, a one-week low, and is now trading above 16.94, losing 0.08% on the day.
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.
