Mexico Inflation Rate Slows to 6.35% in September

Consumer prices in Mexico rose 6.35 percent year-on-year in September of 2017, easing from 6.66 percent in the previous month and lower than market expectations of 6.48 percent. The inflation rate decelerated for the first time since June last year to hit the lowest level in three months, driven by lower prices of food. The central bank expects inflation to stay above the 3-4 percent target in 2017 and to converge to 3 percent by the end of 2018.

Prices slowed for food, beverages and tobacco (7.05 percent vs 7.57 percent in August). Meanwhile, cost rose faster for housing and utilities (2.64 percent vs 2.62 percent); education (4.73 percent vs 4.63 percent) and energy (15.26 percent vs 12.72 percent).

On a monthly basis, consumer prices went up 0.31 percent, also easing from a 0.49 percent increase in the previous month.

The core index, which strips out some volatile food and energy prices, advanced 0.28 percent during the month and 4.80 percent year-on-year.

Mexico Inflation Rate Slows to 6.35% in September

INEGI |Luisa Carvalho |
10/9/2017 1:18:02 PM