Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
Business

October Inflation Rises Above Banxico Goals

Inflation rates continued to rise in the first half of October, exceeding an annualized rate of 3 percent for the first time since April 2015

The annual variation exceeds the limit set by the Bank of Mexico, photo: Pexels
By The News Whatsapp Twitter Facebook Share
11 months ago

According to the National Statistics and Geography Institute (INEGI), the National Consumer Price Index for Mexico reported inflation of 0.49 percent during the first half of October, or an annual inflation rate of  3.09 percent. That annual rate that exceeds the three percent goal set by Mexico’s central bank (Banxico).

The underlying price index — which does not include goods and services due to their price volatility — presented a bi-weekly increase of 0.17 percent, or an annual inflation rate of 3.10 percent, whereas the consumer price index recorded an increase of 1.54 percent and an annual inflation rate of 3.05 percent. The price of commodities rose 0.20 percent and services 1.13 percent.

Within the consumer price index, prices of agriculture products decreased 0.14 percent, while those of power resources and rates approved by the government increased 2.66 percent, mostly as a result of summer subsidies on electricity in many cities ending.

Comments Whatsapp Twitter Facebook Share
More From The News
Mexico

Messages of Solidarity Found in Donation ...

18 mins ago
Mexico

Cyclists Provide Aid to Mexico City Quak ...

37 mins ago
Mexico

International Help for Earthquake Rescue

38 mins ago
Mexico

The Signals Used by Rescuers in Search f ...

40 mins ago
Most Popular

Mexico Shocked By News: Girl Trapped in ...

By The Associated Press
Mexico

Earthquake Death Toll Rises to 273

By Notimex
Mexico

7.1 Magnitude Quake Kills 139 as Buildui ...

By The Associated Press
Mexico

Search for Mexico Quake Survivors Enters ...

By The Associated Press
Mexico

Celebs Donate to Quake Relief, Politicia ...

By Federico Rojas Frias
Mexico