Inflation is 4.9%

National Consumer Price Index (INPC) recorded a change of 4.9 percent year-on-year in October National Institute of Statistics and Geography (Inegi),

The inflation value is the highest from August this year, when the index recorded a change of 4.9% at the annual rate.

In addition, this figure was higher than expected in the Bloomberg-led analyst survey, which predicted fluctuations in prices 4.89 percent,

Since January 2017, inflation has exceeded the target of the Mexican Bank (3% +/- 1 percentage point).

In total, element the index – which includes only the performance of consumer goods and services, the removal of agricultural price volatility and pre-determined tariffs such as energy and transport – reached 3.73 percent per year.

The upward behavior of the core component was derived from the increase in the goods balance (3.98%) and services (3.48%), as both components were above the level recorded in September.

On the other hand, an insubstantial component – including prices of goods and services that are affected by external factors such as climate or international markets – have an annual variation of 8.5 percent.

Under non-slipping inflation, agricultural products grew from 1.22 percent to 2.43 percent in September, even though the monthly balance was offset by lower energy and allowable rates. government, as price growth has fallen from 14.47 to 12.62 percent for the annual rate.

During the tenth month of the year, energy-intensive products were the most affected by inflation, electricity increased by 17.82 percent, gasoline by 1.1 percent and gas for natural gas with an increase of 0.9 percent.

Green tomatoes grew by 25.15 percent on tomatoes, followed by tomatoes by 10.12 percent, although these increases were offset by declines in potato (23.07 percent) (16.93 percent). ), cucumbers (12.38%), lemon (10.18%), avocados (9.06%) and onions (2.49%).

State inflation was the third-largest shareholder in Ciudad Acuña, Coahuila, with 3.94 percent followed by Monclova and Tampico, which recorded 2.08 percent and 1.89 percent.

In his monthly variations, inflation increased by 0.52 percent, while the underlying component rose by 0.31 percent and the sub-component rose by 1.15 percent.

With information from Héctor Uslo.

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