Inflation continues on its downward trajectory, since in the first half of August it was at a level of 4.67 percent, thus adding seven consecutive fortnights of decreases, reported the National Institute of Statistics and Geography (Inegi).
The data provided by the agency is also the lowest since the first half of March, when inflation was 4.12 percent.
We recommend: Inflation makes it difficult for workers to save voluntarily in Afore
For the reference period, inflation in Mexico decreased thanks to a 6.67 percent annual drop in the price of energy, which includes gasoline, electricity and LP gas.
Similarly, there was a drop in the cost of food and services such as chayote, eggs, green beans, chicken, oranges, Serrano peppers, and air transportation, among others.
According to the Inegi, these decreases were more noticeable in entities such as Guerrero, Nuevo León, San Luis Potosí, Guanajuato and Durango.
In previous reports, analysts from Grupo Financiero Ve por Más and Monex warned that items such as air transport or packaged tourist services would decrease in the coming months, due to a seasonal factor due to the holiday period.
However, price pressures would continue to be present in food segments or those that involve the preparation of food outside the home, such as taquerias, fondas, torterías or restaurants.
In this regard, the Inegi detailed that both items registered the highest annual increases during the first half of August, with increases of 8.75 and 6.48 percent, respectively.
➡️ Subscribe to our Newsletter and receive the most relevant notes in your email
By the end of August, analysts consulted by Citibanamex expect inflation to close at a level of 4.53 percent, with which the Bank of Mexico (Banxico) could bring its interest rate to 11 percent, from the current 11.25 percent. .
2023-08-24 12:49:42
#Inflation #reaches #August #Sol #México
