April data shows Mexico’s annual inflation rate declined to 4.65%, marking its first easing in over a year amid policy shifts.
Mexico’s annual inflation rate fell to 4.65% in April, down from 4.83% in March, marking the first decline since December 2025. The easing reflects softer price pressures in core goods and services, though food inflation remains elevated.
Analysts had expected a slight uptick to 4.85%, making the print a modest downside surprise. The central bank has held rates at 11.25% since early 2026, citing persistent inflation risks despite recent progress.
Markets reacted with muted peso strength, as traders weighed the data against expectations for a potential rate cut later this year.