Mexico Inflation Rate Down to 2.74%

Mexican annual inflation rate slowed slightly to 2.74 percent in July of 2015 from 2.87 percent in June, hitting the lowest level on record.

Year-on-year, the upward pressure came from prices of food and nonalcoholic beverages (+4.12 percent), housing and utilities (+1.8 percent). Cost increases were also reported for transport (+3.15 percent), clothing and footwear (+2.72 percent) and restaurants and hotels (+4.40 percent). In contrast, communication cost fell 10.88 percent.

On a monthly basis, consumer prices rose 0.15 percent, compared to 0.17 percent in the previous month. Cost of recreation and culture recorded the highest increase (1.28 percent), followed by alcoholic beverages and tobacco (0.31 percent), restaurants and hotels (0.3 percent) and transport (0.27 percent). 

The core index, which strips out some volatile food and energy prices, rose 0.17 percent on a monthly basis, from 0.21 percent in June. The annual rate decreased to 2.31 percent from 2.33 percent in June.

Mexico Inflation Rate Down to 2.74%
8/7/2015 3:14:47 PM