MEXICO CITY - Mexico’s annual inflation is expected to have accelerated slightly in the first half of May on the back of rising prices for certain agricultural and consumer goods.

The median forecast of 12 analysts and economists sees annual inflation for mid-May at 4.48%, up from 4.44% percent in the second half of April.

Mid-month annual core inflation, which strips out some volatile energy and food prices, is seen at 3.82%.

Headline inflation is forecast to have fallen 0.25% versus the prior mid-month period, as subsidized summer electricity rates were put in place. Core inflation is seen up 0.13%.

Mexico’s INEGI statistics institute will publish the official data on Thursday at 1300 GMT.