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Happy Hour Happier as Limes Push Mexico CPI to Six-Month Low

Falling lime prices in Mexico helped reduce the inflation rate in April to its lowest since October after a jump in prices earlier in the year pushed up the cost of margaritas in bars from Mexico City to New York.

“Margarita drinkers should relax now and order a second round,” Marco Oviedo, chief Mexico economist at Barclays Plc, said by telephone from Mexico City. Limes “provided a strong push to maintain the downward trend in inflation.”