Sunday, February 5, 2023

Inflation rises to 7.94% in first half of January

inflation in mexico Can’t find the brakes and quick to 7.94 percent per annum On First half of January 2023from 7.86 percent at the end of December, reported the National Institute of Statistics and Geography (INEGI).

Besides, it accumulated three fortnightly increases and represented the highest rate since the first days of November last year, when it stood at 8.14 per cent year-on-year.

Data for the first half of January as well was above the 7.87 percent annualized rate expected by the marketAccording to the most recent Citibanamex survey.

with that, inflation It has been outside the limits of the Banco de México (BANXICO) for 45 fortnights Which is 3 percent +/- one percentage point.

National Consumer Price Index (INPC) It gained 0.46 per cent as compared to the previous fortnight, which means its highest rebound for the same period since 2021. The market is estimated to grow by 0.39 percent.

Core inflation reaches 8.45% annually

inflation basicThat excludes goods and services with more volatile prices, such as agriculture, energy and government tariffs, which broke a three-week losing streak and Accelerated up to 8.45 percent per annum, It stood at 8.66 per cent, its highest level since the first half of November last year and was higher than the 8.32 per cent expected by analysts.

Inegi said that on a fortnightly rate, it rose 0.44 percent, the fastest increase for the same period since 2014.

inside Goods prices rose by 0.55 percent and services twice a week at the rate of 0.30 per cent.

Whereas Non-core inflation rises 0.51 percent twice in a week And the annual rate reached 6.44 percent in the second half of December 2022, down from 6.46 percent.

Agricultural products became costlier by 0.35 per cent in the first fortnight and energy and government duties broke a streak of three fortnights with a fall of 0.64 per cent over the previous period.

what prices go up the most

loss Products and services that exert inflationary pressure Lunch boxes, taverns, cake shops, and taco shops had a fortnightly variation of 1.00 percent and an incidence of 0.050 points.

was behind low octane gasoline A fortnightly variation of 0.65 percent and an incidence of 0.032 points were recorded. Whereas Cigarette At 3.13 per cent bi-weekly rate and the event of 0.029 points became more expensive.

Packaged soft drinks had a fortnightly increase of 1.02 per cent with an incidence of 0.023 points.

Nation World News Desk
Nation World News Desk
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