Mexico Inflation Rate Edges Down in November

Mexican consumer prices rose 4.17 percent year-on-year in November following a 4.3 percent increase in the previous month. Although the inflation rate slowed for the first time in seven months, it is still above the central bank's 4 percent tolerance ceiling.

Year-on-year, cost of restaurants and hotels recorded the highest increase (6.51 percent), followed by alcoholic beverages and tobacco (6.29 percent) and food (5.94 percent). Transport cost rose 5.62 percent and education prices increased 4.3 percent. Downward pressures came from communication cost (-5.48 percent).

On a monthly basis, consumer prices rose for the sixth straight month by 0.81 percent in November. Cost of housing, water, electricity, gas and other fuels rose the most (2.65 percent), followed by food prices (0.83 percent).

Annual core inflation rate reached 3.34 percent from 3.32 percent in the previous month.

Mexico Inflation Rate Edges Down in November

Joana Taborda |
12/9/2014 2:37:17 PM