The rate of inflation overall decreased in Mexico to 6.25% per annum in April, its lowest level since October 2021, reported this Tuesday the National Institute of Statistics and Geography (Inegi).
The data represents three consecutive months of decline, after the index of 6.85% in March, 7.62% in February, 7.91% in January and 7.82% last December, when inflation had its highest annual close in 22 years and what about the century
In addition, the Inegi reported that the consumer price index (CPI) decreased 0.02% in the month.
The statistics institute recalled that in the same month of 2022 monthly inflation was 0.54% and annual inflation was 7.68%.
The underlying price index, considered a better parameter to measure general shortages because it eliminates items with high volatility in their prices, rose 0.39% monthly and 7.67% annually, detailed the Inegi in its report.
While the non-core item fell 1.25% at the monthly rate, although it advanced 2.12% year-on-year.
Within the subgroup of underlying goods and servicesthe goods they increased 0.5% in the month and 9.54% in the year.
While services advanced 0.25% monthly and 5.46% annually.
In the non-core, agricultural prices did not vary (0%) compared to the immediately previous period, but rose 6.13% compared to the same period last year.
The energetic and rates authorized by the Government fell 2.3% in the month and 1.08% in the year.
He minimum consumption basket price indexmade by 176 products and services, it fell 0.13% per month but rose 6.5% per year.
The items with the highest interannual increases were restaurants and hotels (11.31%), food and non-alcoholic beverages (10.05%), and miscellaneous goods and services (9.89%).
While the generic products that rose the most in the month were oranges (14.6%), avocado (5.62%), and chicken (4.72%).
Consumer prices closed 2022 with a rise of 7.82%, the highest level in 22 years and the century.
The data for April is still above the 3% annual target for the Bank of Mexico, that has raised 15 consecutive times the interest rateup to a record of 11.25%.
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