Mexico Prices Fall More Than Forecast as Electricity Tumbles

Mexico consumer prices fell more than expected in the first half of April, as the government phased in electricity discounts and a weak economic recovery limited inflationary pressures.

Prices tumbled 0.45 percent from the second half of the previous month, the national statistics institute said on its website today, more than the median forecast for a 0.22 percent decline of 17 analysts surveyed by Bloomberg. The annual inflation rate fell to 3.03 percent from 3.3 percent in the last two weeks of March.