Mexico Inflation Rate Down to 3.36% in October

In October of 2013, Mexican annual inflation rate decelerated for the third consecutive month to 3.36 percent, from 3.46 percent in the previous month. In contrast, on a monthly basis, prices rose for the third straight time in October due to higher energy prices.

Year-on-year, transport cost recorded again the highest increase (6.43 percent, slightly below 6.56 percent in the previous month). Prices of alcoholic beverages and tobacco rose 5.05 percent; education cost went up 4.42 percent and restaurant and hotels increased 4 percent. 

Food prices slowed again in October to an annual 2.09 percent, from 2.4 in September and communication cost decreased 0.96 percent.

From September to October, prices rose 0.48 percent, up from 0.38 percent in the previous period. Prices of housing, water, electricity, gas and other fuels rose the most (1.74 percent), followed by communication cost (0.98 percent). In contrast, food prices dropped 0.13 percent.

Mexico Inflation Rate Down to 3.36% in October

Joana Taborda |
11/7/2013 2:27:46 PM