UPDATE 1-Mexico consumer prices fall 0.54 pct in early May

(Recasts, updates with total exports, difference from poll)

MEXICO CITY, May 24 (BestGrowthStock) – Mexican consumer prices
fell more than expected in early May, possibly giving the
central bank extra room to keep interest rates low even as data
showed that exports rose in April.

Consumer prices (MXCPIF=ECI: ) fell 0.54 percent in early
May, the central bank said on Monday. Closely watched core
inflation (MXCPIH=ECI: ), which strips out some volatile food and
energy prices, was up 0.17 percent during the month.

Consumer prices rose 3.93 percent in the 12 months through
early May.

Analysts polled by Reuters had expected consumer prices to
fall 0.27 percent and core prices to climb 0.14 percent in the
month.

Mexico also posted a $195 million trade surplus
(MXTBAL=ECI: ) in April, the national statistics agency said.
Total exports in April were a seasonally adjusted $25.62
billion, up from $24.13 billion in March.

A survey of 11 analysts had forecast a trade deficit of
$71.3 million.

Investment Research

(Reporting by Jason Lange and Michael O’Boyle; Editing by John
O’Callaghan)

UPDATE 1-Mexico consumer prices fall 0.54 pct in early May