Mexico inflation slowed to three and a half per cent in early June, its best reading of the year, a day before the central bank decides on rates.
Key Facts
—The number. Annual inflation slowed to 3.55% in the first half of June, the lowest reading of 2026.
—The surprise. It beat every forecast in a Reuters poll, which had expected about 3.77%.
—The driver. Falling fruit and vegetable prices led the drop, with tomatoes down almost 24%.
—The sticky part. Core inflation, which strips out volatile items, held above target at 4.12%.
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