The rate of headline inflation Mexico fell to 7.8% year-on-year in November, below the 8.41% rate registered in October, the National Institute of Statistics and Geography reported this Thursday (Inegi).
This is the second consecutive month in which the annual rate of inflation decreases after the rate of 8.7% reached in August and September, then the highest number since 2000.
Still, the Consumer Price Index (CPI) registered in November an increase of 0.58% compared to October, according to the statistics institute.
The Inegi recalled that in the same month of 2021 monthly inflation was 1.14% and the annual rate was 7.37%.
The underlying price index, considered a better parameter to measure general shortages because it eliminates items with high volatility in their prices, rose 0.45% monthly and 8.51% annually, detailed the Inegi in its report.
While the non-core item advanced 0.94% at a monthly rate and 5.73% year-on-year.
Within the underlying goods and services subgroup, merchandise increased 0.43% in the month and 11.28% in the year.
While services advanced 0.48% monthly and 5.35% annually.
In non-core, agricultural prices fell 0.42% compared to the immediately previous period, but rose 8.89% compared to the same period last year.
Energy and tariffs authorized by the Government rose 2.11% in the month and 3.23% annually.
The price index of the minimum consumption basket, made up of 176 products and services, climbed 0.67% monthly and 8.45% at an annual rate.
Consumer prices closed 2021 with a rise of 7.36%, a level not seen in two decades, given the rise in basic inputs such as agricultural or energy.
The data for November is published a week before the new monetary policy of the Bank of Mexico, which has an inflation target of 3% per year, for which the central bank has raised the interest rate 12 times in a row, to a record of 10%
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