Mexico Inflation Rate at 6-Month High

Consumer prices in Mexico increased 2.61 percent year-on-year in January of 2016, accelerating from a 2.13 percent growth in the previous month, above market forecasts of 2.52 percent rise. It was the highest reading since July of 2015, as cost of food (3.78 percent from 2.12 percent in December) and housing (1.52 percent from 1.23 percent in December) rose at a faster pace. On a monthly basis, prices went up by 0.38 percent.

Prices of food and non-alcoholic beverages went up at a faster 3.78 percent (2.12 percent in December) and cost of housing and utilizes increased by 1.52 percent (1.23 percent in December). Cost of education recorded the highest increase (4.32 percent from 4.29 in December). Meantime, restaurants and hotels (4.15 percent from 4.21 percent in December) and transport prices (1.87 percent from 2.44 percent in December) rose at a slower pace. In contrast, communication cost fell 7.57 percent.

On a monthly basis, consumer prices went up by 0.38 percent, following a 0.41 percent growth in December. 

The core index, which strips out some volatile food and energy prices rose 0.19 percent on the month, bringing the annual rate to 2.64 percent, from 0.31 percent and 2.41 percent respectively in December.

Mexico Inflation Rate at 6-Month High

Yekaterina Guchshina |
2/9/2016 2:23:07 PM