By spending items, the education group has recorded the largest year-on-year increase (6.36%), closely followed by the other services division (6.19%).

The Consumer Price Index (CPI) of Mexico has risen more than two tenths in April compared to March, reaching 4.65% year-on-year, the second highest figure so far this year, as disclosed this Thursday by the Institute National Statistics and Geography (Inegi).

The inflation data in Mexico corresponding to April has been known just a few hours before the country's central bank makes a decision on interest rates. In its previous meeting, the entity chose to cut the rate by 25 basis points, taking the figure to 11%, after several months frozen.

After said meeting, the bank estimated that there was some room to make "a fine adjustment" of the monetary policy rate, so it could predictably cut interest rates again, although it has ruled out that this would mean starting a cycle of relaxation of monetary policy or giving a "sign of complacency" in the battle against inflation.

For its part, monthly inflation has fallen to 0.20%, a figure 0.09 percentage points lower than that registered in March, although higher than that of February, which reflects a varied evolution of the data in recent months.

Core inflation has been 0.21% in monthly terms and has fallen to 4.37% in year-on-year terms. Compared to March, they represent 0.23 and 0.18 percentage points less, respectively.

By spending items, the education group has recorded the largest year-on-year increase, of 6.36% year-on-year, closely followed by the other services division (6.19%). The beverages, food and tobacco group stood at 4.79% year-on-year.