Inflation in October reaches 4.9%


National Consumer Price Index (INPC) In October this year, the percentage was 4.9 percent per year National Institute of Statistics and Geography (Inegi).

Inflation is the highest since August this year, when the index at the annual interest rate was 4.9 percent.

In addition, the analysts' survey consulted by Bloomberg was higher than expected, which implied a change in prices 4.89 percent.

Since January 2017, inflation has exceeded the target of the Mexican Bank (3 percent +/- 1 percentage point).

In total, basic component an index that includes only the efficiency of consumer goods and services, removes the volatility of agricultural prices and predefined rates, such as energy and transport, reached 3.73 percent per year.

The rising behavior of the underlying component comes from an increase in the trade balance (3.98%) and services (3.48%), as both components were above the content recorded in September.

On the other hand, basic component – which includes prices of goods and services affected by external factors such as the climate or international markets – had an annual difference of 8.5 per cent.

In the case of unprofessional inflation, an increase in agricultural products was observed, ranging from 1.22 percent in September to 2.43 percent in October, although the monthly balance was offset by a reduction in energy and permitted tariffs. government, as the price increase ranged from 14.47 to 12.62 percent at the annual rate.

In the first ten months of the year, energy products that were most affected by inflation, electricity increased by 17.82 percent, gasoline with a 1.1 percent increase and LP gas with an increase of 0.9 percent.

On the side of agricultural products, green tomatoes raised their prices by 25.15 percent, followed by tomatoes by 10.12 percent, although these increases were offset by a decrease in oranges (23.07 percent), potatoes (16.93 percent). cucumber (12.38 percent), lemon (10.18 percent), avocado (9.06 percent) and onion (2.49 percent).

State inflation was ranked Ciudad Acuña, Coahuila as the entity with the highest monthly increase in prices, from 3.94 percent, followed by Monclova and Tampico, which accounted for 2.08 percent and 1.89 percent respectively.

In his own monthly changes, inflation increased by 0.52 percent, while the basic component grew by 0.31 percent, while the non-banking component increased by 1.15 percent.

With the information of Héctor Usla.

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