Mexico's annual inflation expected to ease in June: Reuters poll

FILE PHOTO: A man is reflected on a window at a shoe shop in downtown Mexico City November 21, 2014. REUTERS/Carlos Jasso

MEXICO CITY - Mexico’s annual inflation rate likely slowed in June due to lower price pressure for energy and some agricultural products, though core inflation is expected to rise, a Reuters poll showed on Friday. The median forecast of 10 banks, analysts and brokerages sees annual inflation of 3.95% through the end of June, compared with 4.28% in May. Mexico’s central bank targets inflation of 3%.

For core inflation, which strips out some volatile food and energy prices, analysts expect an annual rate of 3.86%, compared with the previous rate of 3.77% in May. Analysts expect the general consumer price index to rise 0.07% during the month, according to the survey.Reporting by Miguel Angel Gutierrez; additional reporting by Gabriel Burin; writing by Julia Love; editing by Jonathan Oatis

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