MEXICO CITY: Mexico consumer price inflation was in line with market expectations in June, with headline inflation at 0.17%, just below consensus estimates of 0.19%.
Core inflation was 0.21%, in line with market expectations.
On a 12-month basis headline and core inflation rates were 2.9% and 2.3%, respectively, unchanged versus May.
The government also reported that annual producer price inflation rose to 3.2% from 2.3% in May, the highest level since December 2014 (3.3%).
Producer price inflation has been edging higher since the summer of 2013 from surprisingly low levels.
Analysts believe that persistent peso weakness is the main risk to producer and consumer price inflation in upcoming months.
