Mexico City /
The inflation in Mexico maintained a deceleration in the first half of September, reaching 4.66 percent annually, after thel National Consumer Price Index (NCPI) increased by 0.09 percent at a biweekly rate, According to figures from the INational Institute of Statistics and Geography (INEGI).
However, the index is still far from the official target of Bank of Mexico (Banxico) of 3 percent.
THE DATA
What is inflation?
Inflation is a phenomenon observed in a country’s economy and is related to the uncontrolled increase in the prices of most goods and services traded in its markets, for a prolonged period of time. Source: (Inegi)
In the same fortnight of 2023the biweekly inflation was 0.25 percent and the annual inflation, of 4.44 percent.
The core price index rose 0.21 percent at a biweekly rate and 3.95 percent at an annual rate.
In In the same period, the non-core price index recorded a change of less than 0.31 percent biweekly and 6.73 percent annually.
Within the underlying index, at a biweekly rate, commodity prices grew 0.18 percent and services, 0.24 percent.
Within the non-core index, at a biweekly rate, the prices of agricultural products decreased by 0.83 percent and energy prices and government-authorized rates increased 0.11 percent.
In the first half of September 2024, the #inflation The annual general growth rate stood at 4.66%. The National Consumer Price Index #INPC increased 0.09% at a biweekly rate.
By component, annual inflation was as follows:
???? 3.95%, Underlying
???? 6.73%, Non-underlying????… pic.twitter.com/7QOOjKtBVd
— INEGI INFORMS (@INEGI_INFORMA) September 24, 2024
MRA
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