Mexican inflation expectations ease in May
MEXICO CITY, June 1 (Xinhua) — A survey showed expectations for inflation in Mexico have dropped by 0.25 percentage points to 4.94 percent in May, while forecasts for growth have edged up, the Bank of Mexico said Tuesday.
Results of the survey showed that economic growth expectations edged higher to 3.26 percent from 3.08 percent, the bank said in a report.
\”Just like in previous months, this survey showed an improvement in expectations compared with the current economic activity,\” it said.
\”In terms of inflation, expectations were lower in 2010, but over other time scales, no substantial adjustments were observed,\” it said.
Mexico\’s peso stayed strong thanks to rising prices of oil, the nation\’s single largest export. The strong peso has helped check prices for imports, including corn, which is used in making tortillas, the nation\’s stable food.
Analysts surveyed by the bank said uncertainties in the global economic environment have helped pull back Mexican growths.
Mexico need to continue structural changes to boost growths and curb inflation, they said.
Mexico is recovering from a deep recession, largely thanks to a recovery in exports to the United States, its leading trade partner.
