Mexico’s annual inflation fell in early August, with consumer prices growing 4.67% in the first half of the month, down from 4.78% in late July.

This was close to Bloomberg’s 4.66% median expectation, easing borrowing costs at 11.25%.

Core inflation, which excludes volatile commodities, fell to 6.21%, maintaining over the central bank’s 3% objective.

Core inflation had a more positive result, with a more pronounced deceleration than expected.

Early August price drivers were university and school costs, tomato and onion prices, and service price pressures, which worry economists.