Mexico Inflation Rate Highest Since 2009

Consumer prices in Mexico jumped 5.35 percent year-on-year in March of 2017, following a 4.86 percent rise in February and above market expectations of 5.33 percent. The inflation rate accelerated for the ninth straight month, reaching the highest since July of 2009, mainly driven by prices of food, namely fruits and vegetables.

Prices rose faster for food, beverages and tobacco (6.49 percent vs 6.03 percent in February), namely fruits and vegetables; housing (2.56 percent vs 2.55 percent) and education (4.41 percent vs 4.40 percent). Meantime, cost increased at a slower pace for energy (17.09 percent vs 17.16 percent). 

The core index which strips out some volatile food and energy prices advanced 4.48 percent, following a 4.25 percent increase in February.

On a monthly basis, consumer prices rose 0.61 percent, quickening from 0.58 percent in the prior month and the core index went up 0.57 percent.

Mexico Inflation Rate Highest Since 2009

INEGI |Luisa Carvalho |
4/7/2017 2:16:51 PM