Mexico’s Consumer Prices Fell Most in 42 Years Last Month
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Mexico’s consumer prices last month fell the most in 42 years as electricity, food and education costs declined, cementing expectations that policy makers will keep interest rates at a record low this year.
Prices dropped 0.74 percent, the central bank said today on its website, the most since the index was created in February 1969. The decline was more than the 0.66 percent forecast by 17 economists surveyed by Bloomberg. Annual inflation slowed to 3.25 percent from 3.36 percent in April.