The median forecast of 10 banks, analysts and brokerages sees annual inflation of 3.95pc through the end of June, compared with 4.28pc in May. Mexico's central bank targets inflation of 3pc.

For core inflation, which strips out some volatile food and energy prices, analysts expect an annual rate of 3.86pc, compared with the previous rate of 3.77pc in May.

Analysts expect the general consumer price index to rise 0.07pc during the month, according to the survey.

Mexico's statistics institute will publish June inflation data next Tuesday.