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After several months of growth and after the cut in the Banxico reference rateas well as the change in the annual target, inflation in Mexico began to slow down, reaching during the first half of August at an annual rate of 5.16 percent.
According to the report shared by the National Institute of Statistics and Geography (INEGI)inflation linked its second period to decline, after in In the second half of July, the annual rate was 5.52 percent, with a more significant decline now in August.
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In addition to this, it was also reported that the National Consumer Price Index (NCPI) had a decrease of 0.03% compared to the previous fortnight. In the same fortnight, but in 2023, the fortnightly inflation was 0.32% and the annual inflation was 4.67 percent.
He Core price index rose 0.10% at a biweekly rate and 3.98% at an annual rate. In the same period, the non-core price index registered a biweekly variation of -0.46% and an annual variation of 8.80%.
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Also, INEGI reported which products showed slight increases in their prices, such as low-octane gasoline, electricity, egg, detergents, pumpkin and especially lemon.
While the products that had a decrease in prices were chayote, air transport, tomato, LP gas, chicken, green tomato, lettuce and serrano chili.
In the first half of August 2024, the #inflation The annual general growth rate stood at 5.16%. The National Consumer Price Index #INPC decreased by 0.03% at a biweekly rate.
By component, annual inflation was as follows:
🔹 3.98%, Underlying
🔹 8.80%, Non-underlying📄… pic.twitter.com/WIhs06a8Gc
— INEGI INFORMS (@INEGI_INFORMA) August 22, 2024
MC
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2024-08-28 15:57:35