From Yahoo Finance: 2025-05-05 19:01:00

Mexico’s annual inflation rate likely rose to 3.90% in April, within the central bank’s target range. Core inflation also increased to 3.92%. Analysts expect consumer prices to have edged up 0.30% and core prices to have risen 0.47%. Banxico cut its benchmark interest rate in March and may do so again on May 15 amid weak economic growth and global trade tensions.

Mexico’s economy grew by 0.2% in the first quarter, avoiding a technical recession. The government forecasts growth between 1.5% and 2.3% this year, while private sector analysts revised their forecast to just 0.20%. Year-end inflation estimates were also revised up to 3.8%. INEGI will release official inflation data for April on Thursday.

Read more: Mexico inflation rate seen rising in April but within target range: Reuters Poll