The price rise is less than the 7.51% expected by analysts. Only in December, prices rose 0.36%.
At an annual rate, underlying inflation, that is, that which excludes the products with the most volatile prices, was 5.94% and 0.80% at a monthly rate. These results are consistent with analyst estimates and mean that this measurement had its highest level since October 2001.
Hello! The National Consumer Price Index #INPC it increased 0.36% in December compared to the previous month. With this, the annual inflation of 2021 was 7.36%.
(1/2) pic.twitter.com/3ojjB21kDV
– Graciela Márquez Colín (@GMarquezColin)
January 7, 2022
Non-core inflation fell 0.90% at a monthly rate and showed an annual rise of 11.74%. Within this index, the prices of merchandise rose 0.91% and those of services 0.68% at a monthly rate.
Get ready, this fortnight you could receive more money for inflation in Mexico
And, on the contrary, the prices of agricultural products decreased slightly, at a monthly rate of 0.08%. While the energy and tariffs authorized by the government fell 1.56%, at a monthly rate, in December 2021.
Thus, the growth of the National Consumer Price Index was very far from the target range of Banco de México, of 3% +/- 1 percentage point. During 2021, the Mexican economy experienced an average monthly inflation rate of 0.59%.
The prices of services (without considering housing and education) ended 2021 with an increase of 6.35%. This component helped contain inflation in 2020, but is now fueling the inflationary process.
– Jonathan Heath (@ JonathanHeath54)
January 7, 2022
One of the components of the price index that worries the most is that of the prices of food merchandise, which ended the year with an increase of 8.11%.
– Jonathan Heath (@ JonathanHeath54)
January 7, 2022