Mexico ends 2021 with the highest inflation in almost 20 years

Mexico ends 2021 with the highest inflation in almost 20 years

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.

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%.