Mexico Inflation Rate Keeps Rising
Mexican annual inflation rate accelerated further to 4.3 percent in October of 2014 from 4.22 percent in September, pushed up by higher food prices. Monthly inflation accelerated to 0.55 percent, the highest in nine months.
11/7/2014 2:33:44 PM
Year-on-year, prices of food and non-alcoholic beverages rose the most by 6.5 percent, followed by alcoholic beverages and tobacco (6.35 percent), restaurant and hotels (6.31 percent) and transport prices (6.10 percent).
Additional upward pressures came from prices of education (4.31 percent), health (4.07 percent) and furniture (2.89 percent). In contrast, communication cost fell 4.26 percent.
On a monthly basis, consumer prices rose 0.55 percent in October, following a 0.44 percent increase in September, driven by higher electricity cost.
Annual core inflation rate slowed to 3.32 percent from 3.34 percent in the previous month.