Inflation in Mexico fell to an annualized rate of 6.24 percent in the first two weeks of April. Inflation has gradually fallen since December 2022, when it stood at 7.82 percent. January’s rate was 7.91 percent, February’s 7.26 percent and March’s 6.85 percent.
Mexico’s Statistics Institute (Inegi) said the decline in April was mainly due to decreases in energy and agricultural prices.
Mexico’s Consumer Price Index, which sets the government’s inflation rate, is made up of 176 products and services.
The monetary policy of Mexico’s Central Bank is also seen by analysts as key to keeping inflation below the sharp rises experienced in other Latin American nations. Banxico has raised the base interest rate on 15 consecutive occasions. It current stands at 11.25 percent.