The Mexican general inflation rate decreased to 7.62% annual in Februaryits lowest level since March 2022 and below market expectations, the National Institute of Statistics and Geography (Inegi) reported this Thursday.
The data breaks with two months of consecutive increases, after the index of 7.91% in January and that of 7.82% last Decemberwhen inflation had its highest annual close in 22 years and so far this century.
The Inegi reported that the consumer price index (CPI) rose 0.56% in the month.
The statistics institute recalled that in the same month of 2022 monthly inflation was 0.83% and annual inflation was 7.28%.
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The underlying price index, considered a better parameter to measure general shortages because it eliminates items with high volatility in their prices, rose 0.61% monthly and 8.29% annually, detailed the Inegi in its report.
While the non-core item advanced 0.4% at the monthly rate and 5.65% year-on-year.
Within the subgroup of underlying goods and services, merchandise increased 0.65% in the month and 10.65% in the year. While services advanced 0.56% monthly and 5.55% annually.
In the non-core, agricultural prices decreased by 0.07% compared to the immediately previous period, but rose 9.29% compared to the same period last year.
Energy and tariffs authorized by the Government rose 0.80% in the month and 2.77% annually.
The price index of the minimum consumption basket, made up of 176 products and services, climbed 0.59% monthly and 8.11% annually.
The items with the highest interannual increases were food and non-alcoholic beverages (12.29%), restaurants and hotels (12.01%), and miscellaneous goods and services (10%).
While the generic products that increased the most in the month were bananas (11.26%), eggs (9.04%), and domestic gas (4.06%).
Consumer prices closed 2022 with a rise of 7.82%the highest level of 22 years and the century.
The February data is still above the 3% annual goal of the Bank of Mexico, which has raised the interest rate 14 times in a row, to a record of 11%.
EFE International news agency based in Madrid and present in more than 110 countries.