By Ovunc Kutlu
ISTANBUL (AA) - Mexico's consumer inflation slowed down in July annually, according to official figures released on Wednesday.
Annual consumer inflation came in at 4.79% last month, a slowing pace from June's level of 5.06%, said the national statistics agency, INEGI.
The figure came in line with market expectations.
On a monthly basis, consumer prices increased 0.48% in July, following a 0.1% monthly gain the month before. The market estimate for the figure was to show a monthly gain of 0.49%.
The producer price index, including oil, showed an annual decrease of 0.76% in July, also slowing its pace from the previous month's gain of 0.87%.
On a monthly basis, however, producer prices increased 0.29% last month, after falling 0.31% the month before, according to INEGI figures.
Mexico's central bank in May kept its key interest rate steady at the record high level of 11.25%.
The Bank of Mexico last hiked its key interest rate in March by 25 basis points, its 15th rate increase since mid-2021.
In the last 10 meetings, Mexico's central bank made a rate hike of 50 basis points six times and 75 basis points four times.