Mexico Inflation Rate At 2-Year High of 3.3% In November


Consumer prices in Mexico increased by 3.31 percent year-on-year in November 2016, following a 3.06 percent growth in October, and in line with market expectations. It was the highest inflation rate since December 2014, boosted by cost of food, housing and transportation. On a monthly basis, prices jumped 0.78 percent.

Year-on-year, prices rose at a faster pace for food and non-alcoholic beverages (+5.07 percent vs +4.94 percent in the previous month); housing and utilities (+1.54 percent vs +1.41 percent); transport (+3.94 percent vs +3.42 percent); health (+5.1 percent vs +4.82 percent); and restaurants and hotels (+4.45 percent vs +4.35 percent).

On a monthly basis, consumer prices rose 0.78 percent, following 0.61 percent growth in the previous month.

The core index, which strips out some volatile food and energy prices, rose 3.29 percent from the previous year and 0.22 percent during the month.

Mexico Inflation Rate At 2-Year High of 3.3% In November


INEGI | Yekaterina Guchshina | yekaterina@tradingeconomics.com
12/8/2016 2:19:38 PM