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.”
