Mexico Inflation Rate At 2-Year High Of 3.36%

Consumer prices in Mexico increased 3.36 percent year-on-year in December of 2016, following a 3.31 percent rise in November and compared to market expectations of 3.4 percent. The inflation rate accelerated for the sixth straight month, reaching the highest since December of 2014, boosted by food, housing and energy cost. The central bank expects inflation to rise toward 4 percent in 2017, partially reflecting a weaker peso.

Prices rose faster for food, beverages and tobacco (4.4 percent from 4.2 percent in November), housing (2.41 percent from 2.38 percent) and energy (2.42 percent from 1.77 percent) while education cost rose at the same pace (4.26 percent). 

The core index which strips out some volatile food and energy prices went up 3.44 percent, following a 3.29 percent rise in November. 

On a monthly basis, consumer prices rose 0.46 percent and the core index increased 0.45 percent.

Mexico Inflation Rate At 2-Year High Of 3.36%

INEGI | Joana Taborda |
1/9/2017 2:31:18 PM