Consumer Prices in Mexico Fell in June on Declining Farm Costs
Bloomberg News
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July 9, 2013
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Mexico’s consumer prices fell in June, supporting the central bank’s view that inflation will revert towards its target in the second half of the year.

Prices slid 0.06 percent from May, the national statistics agency said today on its website, compared with median forecast of 22 economists surveyed by Bloomberg for a decline of 0.02 percent. Farm prices tumbled 3 percent. Annual inflation slowed to 4.09 percent from 4.63 percent in May, heading toward the central bank’s 2 percent to 4 percent target range. Core prices, which exclude energy and farm costs, rose 0.13 percent in the month, compared with the median forecast of 0.17 percent.

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