MEXICO CITY, April 23 (Reuters) – Mexico’s 12-month inflation stood at 4.53% in the first half of April, data from statistics agency INEGI showed on Thursday, above expectations but slowing from the previous month.
Annual inflation in Latin America’s second-largest economy eased from 4.63% in early March, but came in slightly above the 4.5% expected by economists polled by Reuters.
Inflation remains above the Bank of Mexico’s target of 3%, plus or minus one percentage point, fueling uncertainty over future monetary policy decisions.
The closely watched core price index, which strips out some volatile food and energy prices, reached 4.27% in the 12 months through early April, compared with 4.46% in the first half of March.
(Reporting by Aida Pelaez-Fernandez, Jorge Ollero and Ricardo Figueroa; Editing by Gabriel Araujo)
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