Mexico Inflation Rate Highest Since 2010

Consumer prices in Mexico jumped 4.86 percent year-on-year in February of 2017, following a 4.72 percent rise in January and above market expectations of 4.82 percent. The inflation rate quickened for the eighth straight month, reaching the highest since March of 2010, mainly boosted by rising energy cost.

Prices rose faster for energy (17.16 percent vs 16.31 percent in January); food, beverages and tobacco (6.03 percent vs 5.27 percent); housing (2.55 percent vs 2.46 percent) and education (4.40 percent vs 4.29 percent).

The core index which strips out some volatile food and energy prices advanced 4.25 percent, following a 3.84 percent increase in January.

On a monthly basis, consumer prices rose 0.58 percent, slowing from 1.7 percent in the prior month and the core index went up 0.76 percent.

Mexico Inflation Rate Highest Since 2010

INEGI | Luisa Carvalho |
3/9/2017 2:44:08 PM