Mexico's inflation cools to six-month low

Mexican inflation cooled to a six-month low in April as electricity and fresh food prices eased, backing expectations for steady interest rates this year.

Inflation in the 12 months through April slowed to 3.5 percent.

Inflation rose above the central bank's 4 percent ceiling in January on the heels of a fiscal reform that boosted prices of sugary beverages and junk food, but it has since cooled.


Source: Reuters