Mexico Inflation Rate Hits 10-Month Low in January


The annual inflation rate in Mexico eased to 5.55 percent in January of 2018, from a 16-1/2-year high of 6.77 percent in December and slightly above market consensus of 5.51 percent. This is the lowest inflation rate since March last year as cost grew less for energy, housing, food and education.

Year-on-year, prices rose much less for energy (7 percent vs 17.69 percent in December), reflecting the fading impact of sharp gasoline price increases in early 2017. Also, cost eased for housing (2.62 percent vs 2.65 percent); food (6.50 percent vs 6.82 percent) and education (4.69 percent vs 4.74 percent).

On a monthly basis, consumer prices went up 0.53 percent, following a 0.59 percent rise in December and slightly above market expectations of a 0.50 percent gain.

The core index, which strips out some volatile food and energy prices rose 0.28 percent during the month (0.42 percent in December) and 4.56 percent year-on-year (4.87 percent in December).  

Mexico Inflation Rate Hits 10-Month Low in January


INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
2/8/2018 3:06:24 PM