Mexico Inflation Rate Accelerates in December


In December of 2013, Mexican annual inflation rate rose 3.97 percent, up from 3.62 percent in November. However, monthly inflation slowed in December after rising to a two-year high last month.

Year-on-year, communication prices recorded the highest increase (12.15 compared with 6.61 percent in November). Transport cost surged 7.3 percent (6.3 percent in the previous month) and prices of alcoholic beverages and tobacco rose 5.1 percent. Food prices accelerated to 3.94 percent in December (3.54 percent in November) and housing prices increased 2.99 percent.

On a monthly basis, prices eased to 0.57 percent after rising 0.93 percent in the previous month. Communication prices fell 1.12 percent and education cost was unchanged. Prices of housing, water, electricity, gas and other fuels f rose the most eased to 0.25 percent (2.45 percent in November) and prices of food and non-alcoholic beverages also eased to 1.02 percent (1.37 percent last month).

Mexico Inflation Rate Accelerates in December


Joana Taborda | joana.taborda@tradingeconomics.com
1/9/2014 2:19:11 PM