Mexico Inflation Rate Hits 4-Month High of 4.81% in July

Inflation rate in Mexico rose to 4.81 percent year-on-year in July 2018 from 4.65 percent in June and matching market expectations. It was the second straight increase in inflation and the steepest since March, prompted by higher prices of energy, housing and food.

Year-on-year, inflation picked up for: energy (17.63 percent vs 15.22 percent in June); housing (2.61 percent vs 2.60 percent) and foo, beverages and tobacco (4.51 percent vs 4.49 percent). On the other hand, prices slowed for other services including restaurants, telephone services, medical services and package tourist services (3.61 percent vs 3.76 percent) and education (4.79 percent vs 4.81 percent).

On a monthly basis, consumer prices increased 0.54 percent, following a 0.39 percent rise in June and slightly above market expectations of a 0.53 percent gain. Main upward pressure came from prices of gasoline (1.81 percent).

The core index, which strips out some volatile food and energy prices went up 0.29 percent during the month (0.23 percent in June) and was up 3.63 percent on a yearly basis (3.62 percent in June).

Mexico Inflation Rate Hits 4-Month High of 4.81% in July

INEGI | Luisa Carvalho |
8/9/2018 2:38:25 PM