Mexico's annual inflation reaches 4.53% in early April, surpassing forecasts

6 articles · Updated · Reuters · Apr 23

INEGI data shows inflation slowed from 4.63% in March but remained above the 4.5% expected by economists.
Core inflation hit 4.27%, and month-on-month consumer prices rose 0.11%, both slightly above projections, fueling uncertainty over Bank of Mexico's future rate decisions.
Despite a recent 25 basis point rate cut to 6.75%, inflation remains above the central bank's 3% target, with board members divided on the impact of global events.

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