Mexico Consumer Prices Rise More Than Expected Ahead of Rate Decision [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
(Bloomberg) -- Mexico's headline inflation sped up more than expected last month, likely cementing a rate hold at the central bank's monetary policy meeting later on Thursday. Most Read from Bloomberg Consumer prices rose 4.65% in April from a year earlier, up from 4.42% in March, the National Statistics Institute reported Thursday. The reading was slightly above the 4.63% median estimate from analysts in a Bloomberg survey. ADVERTISEMENT Core inflation, which excludes volatile items such as fuel and food and is closely watched by the central bank, slowed to 4.37% in April from a year ago, down from the 4.55% rise a month earlier and just under the 4.39% median estimate. After cutting interest rates in March to 11% from 11.25%, policymakers led by Governor Victoria Rodriguez emphasized that future adjustments will be gradual and evaluated one at a time. Read more: Mexico Cuts Key Interest Rate For First Time Since 2021 “This is likely not the type of print that gives th
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