Puerto Vallarta (PVDN) - Inflation in Mexico slowed for the second consecutive month and in March stood at 6.85 percent annually, its lowest level in 17 months, according to data published by the National Institute of Statistics and Geography (INEGI).
The decline in inflation was better than expected by the market, whose estimate was 6.89 percent annually, according to the most recent Citibanamex survey.
Compared to February, the National Consumer Price Index (INPC) rose of 0.27 percent, the lowest in 10 months; the market estimate was 0.31 percent per month.
