He National Consumer Price Index (INPC) of Mexico it climbed one tenth in January compared to the month of December, standing at 7.91% year-on-year, as reported this Thursday by the National Institute of Statistics and Geography (Inegi) of Mexico.
Core inflation has also risen, despite having registered a fall to 8.35% year-on-year in December. Specifically, it stood at 8.45% interannual in January, with a monthly increase of 0.71%.
This figure reflects a slight acceleration in the price index, since at the monthly level there has also been an increase of 0.68%, higher than that registered last December, when prices rose 0.32%.
In this context, the central bank of Mexico (Banxico) plans to raise interest rates again this Thursday, which would mean the fourteenth consecutive time that the agency has opted to tighten the country’s monetary policy. Although the figure is unknown, the rate could increase by 25 basis points, up to 10.75%, in line with the latest increases, which were less aggressive.
By division, the largest year-on-year increases occurred between food and non-alcoholic beverages (14%) and merchandise and other services (7.5% in both cases). All groups experienced increases in the month of January, both interannual and monthly.