Mexico’s annual inflation reached 3.62 per cent in the first half of October, while prices rose 0.41 per cent from the preceding fortnight. The end of summer electricity tariff support in 18 cities accompanied a sharp increase in electricity prices. Airfares also rose, while lower tomato and lemon prices tempered the increase in the national consumer basket. Core prices increased 0.25 per cent over the fortnight and 3.78 per cent annually.
Mexico’s annual consumer inflation reached 3.62 per cent in the first half of October. Inflation was measured for the first fortnight of the month.[1], [2]
INEGI, Mexico’s national statistics agency, released the figures on October 22. Prices increased 0.41 per cent from the preceding fortnight, compared with a 0.28 per cent increase in the corresponding period a year earlier. Annual inflation in that year-earlier fortnight had been 3.63 per cent.[1]
Summer electricity tariff subsidies ended in 18 cities. Electricity prices rose 18.51 per cent over the fortnight. Airfares increased 14.77 per cent. Within the noncore basket, energy and government-authorized tariffs rose 1.85 per cent, while agricultural prices fell 0.11 per cent.[1]
Core prices, which exclude highly volatile items and some prices outside market conditions, rose 0.25 per cent over the fortnight and 3.78 per cent annually. Goods increased 0.17 per cent and services 0.31 per cent over the fortnight. Green tomatillos rose 22.07 per cent, but tomatoes fell 3.04 per cent and lemons 10.43 per cent. The minimum consumption basket increased 0.40 per cent over the fortnight and 3.44 per cent annually.[1]
