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Mexico inflation seen rising to 4.48% in first half of May: Reuters poll

Published 05/20/2019, 12:34 PM
Updated 05/20/2019, 12:35 PM
© Reuters. Woman buys tomatoes in a groceries stall at Granada market in Mexico City

MEXICO CITY (Reuters) - Mexico's annual inflation is expected to have accelerated slightly in the first half of May on the back of rising prices for certain agricultural and consumer goods, a Reuters poll showed on Monday.

The median forecast of 12 analysts and economists sees annual inflation for mid-May at 4.48%, up from 4.44% percent in the second half of April.

Mid-month annual core inflation, which strips out some volatile energy and food prices, is seen at 3.82%.

Headline inflation is forecast to have fallen 0.25% versus the prior mid-month period, as subsidized summer electricity rates were put in place. Core inflation is seen up 0.13%.

Mexico's INEGI statistics institute will publish the official data on Thursday at 1300 GMT.

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