Sunday, December 10, 2023

Inflation in Mexico, at 4.44% in the first half of September: Inegi Grupo Milenio

Inflation in Mexico continued its decline in the first half of September National Consumer Price Index (INPC) presented an increase of 0.25 percent every two weeks, an annual rate of 4.44 percent.

Data from the National Institute of Statistics and Geography (Inegi) shows that the inflation The key interest rate slowed more than expected in the first half of September but remained above the official target, supporting prospects that the central bank will keep interest rates at their all-time high for longer.

The data…

What is inflation?

Inflation is a phenomenon observed in a country’s economy and is associated with the disorderly increase in the prices of most goods and services traded in its markets over a long period of time. Source: (Banxico)

​In the same two weeks of 2022, the inflation The biweekly rate was 0.41 percent and the annual rate was 8.76 percent.

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He underlying price index, Considered to be a better parameter to measure price trends as it eliminates highly volatile products, it rose by 0.27 percent at a bi-weekly and annual rate of 5.78 percent.

He Non-core price index represented an increase of 0.19 percent biweekly and 0.48 percent on an annual basis.

Within the underlying index, the prices of Were grew by 0.21 percent and that of Services 0.34 percent.

Within the non-underlying index, the prices of Agricultural products rose by 0.54 percent and the of energetic and government-approved interest rates fell 0.13 percent.

Nation World News Desk
Nation World News Desk
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