The inflation in Mexico continues to decrease,after the last report placed at its lowest level as last March 2024.
According to data from the National Consumer Price Index (INPC), as part of the study carried out by the National Institute of Statistics and Geography (Inegi), at the end of November 2024 was placed at 4.55%.
However,financial analyzes anticipated a major decelerationsince inflation in the penultimate month of the year was expected to be around 4.53% and even more than 5.7%.
Inflation declines in Mexico and falls to its lowest level since March 2024
According to the data provided by Inegi in its most recent study, the INPC registered in November an increase of 0.44 percent compared to October 2024.
Likewise, the data represents a decrease 0.12% in contrast to the first fifteen days of the month, this being the largest biweekly drop since 2012 when it stood at 0.18 percent.
Regarding the underlying price index, which stipulates the annual inflation rate increased 0.05% monthlythat is, in this way it was placed with an annual rate of 3.58 percentthe lowest as April 2020.
For its part, within the figures presented in the INPC, the cost of products fell up to 0.27% in November 2024, while the product index showed 4.90 percent within its generalized annual rate.
Family pantry shopping (victoria Valtierra Ruvalcaba / cuartoscuro)
Despite the drop in inflation, these services and products increased in november 2024
In this sense, the INPC also shared what were the services and products which, despite the fall in inflation, registered an increase in November 2024.
It is nothing more and nothing less than of the electrical industrywhich increased by up to 22.27 percent.
While the products that increased the most in the market it was the onion and the papayaal increase by 22.32% and 22.53% respectively.
Compared with the above, the products that registered a drop in price were the lemonwhich fell by 23.46%, the pumpkin by 11.07% and the carrot by 10.93%.
The INPC numbers indicate that it is indeed precisely the fruit and vegetable market that registers a notable rise Regarding its annual rate, it was found to be 16.81% at the end of November 2024.
Jamaica Market in CDMX (Graciela López Herrera)
What are the main factors influencing inflation trends in Mexico currently?
Title: Navigating Inflation: Insights from the Mexican Economic Landscape
Interviewer: welcome to Time.news! Today, we have the pleasure of speaking with Dr.Laura Velez, an esteemed economist with a focus on monetary policy and consumer economics. We’re delving into the recent developments surrounding inflation in Mexico, which has now reached its lowest level since March 2024. dr. Velez, thank you for joining us!
Dr. Velez: Thank you for having me! I’m excited to discuss the current economic trends in Mexico.
Interviewer: Let’s jump right in. The latest report from the national Consumer Price Index indicates that inflation has decreased to 4.55% as of the end of November 2024. What does this mean for the average Mexican consumer?
Dr. Velez: This decline in inflation is certainly good news for consumers. A lower inflation rate means that the purchasing power of households is recovering. Prices are stabilizing, which helps reduce the financial burden on families and can increase consumer confidence in the economy.
Interviewer: That’s a noteworthy point. Interestingly, financial analysts anticipated a more notable deceleration, predicting inflation might hover around 4.53% or even exceed 5.7%. What factors contributed to this unexpected result?
Dr. Velez: Several factors came into play. First, effective monetary policies implemented by the Bank of Mexico have started to take effect, helping to control price increases. Additionally, improved supply chains post-pandemic have relieved pressure on prices. the stability in key sectors such as food and energy has contributed to this lower inflation rate.
Interviewer: So,it seems that coordinated efforts have played a significant role. How do you see this trend evolving in the upcoming months? Are there any indicators we should watch out for?
Dr. Velez: It will be crucial to monitor external economic conditions, such as global inflation trends and commodity prices, as these can directly impact Mexico’s economy. Additionally, government policies aimed at supporting economic growth while keeping inflation in check will play a pivotal role. If these policies continue to be effective, we might see inflation stabilize or gradually decrease further.
Interviewer: That brings us to a pivotal question. What are the potential risks that could disrupt this positive trajectory?
Dr. Velez: There are several risks to consider, including geopolitical tensions that might affect trade and supply chains, and also any abrupt changes in domestic policies that could lead to uncertainty in the market. It’s also critically important to be mindful of how changes in the U.S. economy could impact Mexico, given their close economic ties.
Interviewer: Very insightful. what advice would you give to consumers and businesses navigating this changing economic landscape?
Dr. Velez: For consumers, it’s advisable to remain informed and adaptable. with evolving prices, budgeting and maintaining financial flexibility can definitely help manage expenses. For businesses, staying attuned to market trends and adjusting strategies accordingly can position them well for continued growth in a stabilizing economy.
Interviewer: Thank you, Dr. Velez, for sharing your insights on Mexico’s inflation trends. It’s been a pleasure discussing this crucial economic issue with you.
Dr. Velez: Thank you! I appreciate the opportunity to discuss these critically important topics with your audience.
Interviewer: And thank you to our viewers for tuning in! Stay updated with us at Time.news for all the latest developments in economics and beyond.