Mexico Inflation Rate Falls to Fresh Record Low

The annual inflation rate in Mexico was recorded at 2.59 percent in August, slowing from 2.74 percent in July and hitting a fresh record low for the fourth straight month.

Food and non-alcoholic beverages contributed the most to the slowdown as prices went up only by 3.32 percent year-on-year, following a 4.12 percent rise in July. The highest increase was recorded for cost of education (up 4.48 percent) while communication decreased by 10.62 percent.

On a monthly basis, consumer prices went up 0.21 percent, the highest increase in three months. Education prices rose 1 percent, clothing and footwear went up by 0.65 percent and miscellaneous goods and services grew 0.61 percent. In addition, cost of food rose 0.23 percent. 

The core index, which strips out some volatile food and energy prices, rose 0.2 percent on a monthly basis, from 0.17 percent in July. The annual rate was 2.3 percent, almost unchanged compared to July.

Mexico Inflation Rate Falls to Fresh Record Low

Joana Taborda |
9/9/2015 10:09:29 PM