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.
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.
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