The consumer price index rose 0.20% month on month, as Inegi said electricity rates fell 14% with summertime subsidies while fruit and vegetable prices jumped 21% from a year earlier.
Energy prices dropped 2.12% in April, though high-octane gasoline and propane gas prices increased, and core inflation eased to 4.26% annually from 4.45% in March.
The softer inflation reading, alongside a bigger-than-expected first-quarter economic contraction, is expected to support a Bank of Mexico rate cut on Thursday to 6.5% from 6.75%.
If Mexico's inflation is slowing, why are fresh food prices still soaring at a staggering 21% annually?
Mexico's inflation is easing, but why are its medical costs projected to be the highest in the world this year?
With wages rising and productivity falling, is Mexico's economy heading for a structural crisis despite the central bank's rate cut?