Mexico Inflation Rate Down to Fresh Record Low

Mexican annual inflation rate slowed slightly to 2.87 percent in June of 2015 from 2.88 percent in May, hitting the lowest value on record.

Year-on-year, the highest upward pressure came from prices of housing and utilities (up 2.78 percent), and food and nonalcoholic beverages (up 4.49 percent). Others include transport cost (up 3.36 percent), clothing and footwear (up 2.78 percent) and restaurants and hotels (up 4.41 percent). In contrast, communication cost fell 10.57 percent.

On a monthly basis, consumer prices rose 0.17 percent, rebounding from a 0.5 percent drop in the previous month. Cost of alcoholic beverages and tobacco recorded the highest increase (0.65 percent), followed by recreation and culture (0.52 percent), transport (0.41 percent) and health (0.33 percent). 

The core index, which strips out some volatile food and energy prices rose 0.21 percent on the month, bringing the annual rate to 2.33 percent, from 0.12 percent and 2.33 percent respectively in May.

Mexico Inflation Rate Down to Fresh Record Low

Joana Taborda |
7/9/2015 2:17:56 PM