Mexico Inflation Rate Slows in February

Mexican consumer prices rose by an annual 4.23 percent in February, down from 4.48 percent in January, as the effects of new taxes eased. A year earlier, the inflation was recorded at 3.55 percent.

Year-on-year, transport prices recorded the highest increase (8.1 percent), followed by alcoholic beverages and tobacco (7.17 percent) and restaurant and hotels (5.11 percent). Food prices increased 4.58 percent and the index for housing, water, electricity and gas edged up 3.4 percent. 

Compared with the previous month, prices slowed sharply to 0.25 percent from a 0.89 percent rise in the previous month.

The core index, which strips out some volatile food and energy prices, rose 0.28 percent during the month, after rising 0.85 percent in the previous period.

Mexico Inflation Rate Slows in February

Joana Taborda |
3/7/2014 2:41:18 PM