ISTANBUL

Mexico's producer prices increased in April on an annual basis, according to official figures released by the National Institute of Statistics and Geography (INEGI).

The producer price index annually rose 2.56% in April, compared to the same month of last year, INEGI said in a statement on Thursday.

The figure reflects a slight acceleration from March when it recorded an annual gain of 2.04%.

On a monthly basis, however, producer prices increased 0.63% in April, compared to the previous month, according to INEGI figures.

That figure showed a slowdown from a monthly gain of 0.85% in March.

At a monthly rate, primary and secondary prices grew 6.38% and 0.68%, respectively, but tertiary activities fell 0.48%, said INEGI.