Mexico Inflation Rate At 4-1/2-Year High Of 4.72%

Consumer prices in Mexico jumped 4.72 percent year-on year in January of 2017, following a 3.36 percent rise in December and above market expectations of 4.7 percent. The inflation rate accelerated for the seventh straight month, reaching the highest since September of 2012, mainly due to rising energy cost after the government hiked gasoline prices by near 20 percent in the beginning of the year.

Prices rose faster for energy (16.31 percent from 2.42 percent in December); food, beverages and tobacco (5.27 percent from 4.42 percent); housing (2.46 percent from 2.41 percent) and education (4.29 percent from 4.26 percent). 

The core index which strips out some volatile food and energy prices went up 3.84 percent, following a 3.44 percent rise in December. 

On a monthly basis, consumer prices rose 1.7 percent, the most since January of 1999, and the core index increased 0.58 percent.

Mexico Inflation Rate At 4-1/2-Year High Of 4.72%

INEGI | Luisa Carvalho |
2/9/2017 7:24:30 PM