Mexico Inflation Rate Slows Slightly


Annual inflation rate in Mexico eased to 2.52 percent in September from 2.59 percent in August of 2015. The inflation hit a fresh record low for the fifth straight month despite a nearly 13 percent depreciation of the peso against the USD since the beginning of the year.

Year-on-year, cost of education recorded the highest increase (up 4.27 percent), followed by nonfood prices (up 2.78 percent), food, drinks and tobacco (up 2.25 percent) and housing (up 2.03 percent). Excluding food and energy, the core inflation was 2.38 percent, slightly up from 2.3 percent in the previous month. 

On a monthly basis, consumer prices edged up 0.37 percent up from 0.21 percent in August. Energy cost fell 0.12 percent while upward pressure came mainly from education prices (up 2.06 percent) and fruits and vegetables (up 2.01 percent). The core index also increased 0.37 percent (0.2 percent in August). 

Mexico Inflation Rate Slows Slightly


Joana Taborda | joana.taborda@tradingeconomics.com
10/8/2015 2:19:07 PM