2024-07-30 09:39:27
Once again, and with its most significant rebound since May 2023, inflation in Mexico soared again in the first half of July, placing its annual rate at 5.61 percentthis is well above the expectations predicted by the Bank of Mexico.
Through its biweekly report, the National Institute of Statistics and Geography (INEGI) He detailed that the National Consumer Price Index (INPC) registered a variation of 0.71 percent compared to the previous fortnight, in addition to the fact that in the same period, but in 2023, the biweekly inflation was 0.29% and the annual rate, 4.79 percent.
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In addition to this, he also reported that The underlying price index increased by 0.18% at a biweekly rate and 4.02% at an annual rate. In the same period, the non-core price index showed an increase of 2.32% at a biweekly rate and 10.64% at an annual rate.
Within the non-core index, at a biweekly rate, prices of agricultural products rose 3.49% and those of energy and Government-authorized rates, 1.21 percent.
Let us remember that since the beginning of the year, the Bank of Mexico (Banxico) set a goal of having an annual inflation rate of close to 3 percent, but this has not been achieved so far, causing a significant increase in the prices of some products.
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According to the Inegi report, inflation hit various products hard, such as tomato, onion, egg, LP gas, avocado and chayote, among others.
Some products that had a decrease in their prices were: sugar, serrano chili, grapes, green tomatoespapaya and melon, among others.
In the first half of July 2024, the #inflation The annual general index stood at 5.61%. The National Consumer Price Index #INPC increased 0.71% at a biweekly rate.
By component, annual inflation was as follows:
🔹 4.02%, Underlying
🔹 10.64%, Non-underlying📄 Check… pic.twitter.com/bPDRHEGHjm
— INEGI INFORMS (@INEGI_INFORMA) July 24, 2024
MC
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2024-07-30 09:39:27