Latest news with #inflación
Reuters
6 hours ago
- Business
- Reuters
Mexico's annual inflation speeds up in May, exceeds target
MEXICO CITY, June 9 (Reuters) - Mexico's annual inflation rate accelerated in May and exceeded the upper-end of the central bank's target range, official data showed on Monday. Consumer prices in Mexico rose 4.42% in the year through May, according to national statistics agency INEGI, above the 4.38% expected by economists in a Reuters poll and up from 3.93% the previous month. Mexico's central bank, also known as Banxico, has an inflation target of 3%, plus or minus a percentage point. In May alone, headline consumer prices were up 0.28%, according to INEGI, while the closely watched core index, which strips out some volatile food and energy prices, rose 0.30%. Both came in slightly above market forecasts.
Bloomberg
7 hours ago
- Business
- Bloomberg
Mexico Inflation Exceeds Forecast, Breaching Top of Target Range
Mexico's inflation accelerated more than expected in May, breaching the top of the target range amid a central bank easing cycle and an economic slowdown. Annual inflation sped up to 4.42% last month, above the 4.38% median estimate of economists surveyed by Bloomberg and higher than April's 3.93% print. The core reading, which excludes volatile items such as food and fuel, rose to 4.06% from 3.93% a month prior, the national statistics agency reported on Monday. The central bank targets inflation at 3%, plus or minus one percentage point.
Reuters
5 days ago
- Business
- Reuters
Colombia inflation likely slowed in May, but up in full-year 2025: Reuters poll
BOGOTA, June 4 (Reuters) - Colombia's consumer price increases likely slowed slightly in May thanks to reduced pressure on food costs and the appreciation of the peso currency, a Reuters survey showed on Wednesday, though inflation expectations for 2025 overall grew. According to the median estimate of the 19 analysts surveyed, inflation likely rose 0.4% in May, below the 0.66% rise in April. Projections ranged between 0.15% and 0.54%. "During May there were pressures on services associated with the continued indexation of rents, also of regulated goods, especially public services," said Carlos Alberto Velasquez, head of economic investigations at Alianza brokerage. "However, pressures on food and goods were kept contained in response to the favorable behavior of the exchange rate," he added, referring to the 2.86% appreciation of the peso against the dollar. If analysts' median prediction is met, 12-month inflation through May will have reached 5.12%, well above the central bank's long-term target of 3%. Inflation expectations for the close of this year were up in the poll to 4.8%, from 4.55% in the previous survey, which would mark the fifth consecutive year of annual inflation being above the target. Expectations for the close of 2026 were also up in the poll, to 3.75%, from 3.61% in the previous survey. Inflation was a top factor in the April decision by Colombia's central bank board to cut the benchmark interest rate by 25 basis points to 9.25%, surprising the market. Inflation figures for May will be published on June 9.
Yahoo
30-05-2025
- Business
- Yahoo
Inflation in Spain falls to 1.9% in May in line with ECB targets
Inflation in Spain fell in May to 1.9%, but the underlying inflation index remains above the price stability level, at 2.1%, according to data published on Friday by the National Statistics Institute (INE). The Consumer Price Index (CPI) reached its lowest value since last October, when it stood at 1.8%. The European Central Bank considers that the best way to maintain price stability in the euro area is to have an inflation target of 2% in the medium term, according to the Bank of Spain. Therefore, the general index achieves a certain stability after the high percentages registered during the last year. However, the underlying index, which eliminates the effect of the most volatile prices, is above 2%. However, the Harmonised Index of Consumer Prices (HICP) fell by 0.3 percentage points year-on-year in May to 1.9%, and recorded a monthly decrease of 0.1%. With the slowdown in the year-on-year CPI recorded in May, inflation has now seen three consecutive months of declines in its annual rate. According to INE, this moderation, which places the CPI at 1.9%, is mainly due to the drop in leisure and culture prices, lower prices in the transport sector, and a smaller increase in electricity tariffs compared with the same month in 2024. The Ministry of Economy, Trade and Enterprise stressed that the favourable evolution of services related to the tourism sector, along with the positive performance of electricity prices, played an important part in this inflation decline. With the decrease in May, the core inflation rate returns to a path of moderation following a rise of 0.4 percentage points in April. Sign in to access your portfolio
Reuters
30-05-2025
- Business
- Reuters
Spain's 12-month EU-harmonised inflation in May falls to lowest since October
MADRID, May 30 (Reuters) - Spain's European Union-harmonised 12-month inflation rate fell in May to its lowest level since October, preliminary data from the National Statistics Institute (INE) showed on Friday, as falling prices for leisure and culture helped alleviate other hikes. Inflation eased to 1.9% in May from 2.2% in the period through April, INE said. The rate was not that low since hitting 1.8% in October. Transportation prices fell and a the growth of electricity prices was slower than in the same month of the previous year, it added. The 12-month EU-harmonised inflation was below the 2.0% expected by analysts polled by Reuters. Core inflation, which strips out volatile fresh food and energy prices, was 2.1% year-on-year, the INE data showed. Spain's 12-month national inflation fell to 1.9%, down from 2.2% in April. Analysts polled by Reuters expected a 2.0% rate.
