Mexico Inflation Rate Up to 6-Month High

Mexican annual inflation rate accelerated to 4.15 percent in August of 2014 from 4.07 percent in July, staying above the central bank’s target ceiling for the second straight month.

Year-on-year, cost of alcoholic beverages and tobacco rose the most (6.68 percent), followed by transport prices (6.33 percent), restaurant and hotels (5.92 percent) and food (5.58 percent). 

Additional upward pressures came from prices of education (4.19 percent), health (4.11 percent), clothing and footwear (2.55 percent) and housing, water, electricity and gas (2.5 percent). In contrast, communication cost fell 0.83 percent.

On a monthly basis, consumer prices rose 0.36 percent in August, following a 0.28 percent increase in July. 

Annual core inflation rate increased to 3.37 percent, the highest rate since October of 2012.

Mexico Inflation Rate Up to 6-Month High

Joana Taborda |
9/9/2014 2:18:06 PM