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Saturday 13 of April 2024

Inflation stood at 6.24% in October; its highest level since the end of 2017

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Inflation continues unabated, as the National Consumer Price Index (INPC) stood at a level of 6.24% at an annual rate during October, the National Institute of Statistics and Geography (Inegi) reported on Thursday.

According to specialists, the rise in the prices of energy and merchandise in Mexico was reflected in inflation in October.

The increase reflects its highest level since December 2017, when consumer price hikes averaged 6.77 percent.

While the National Consumer Price Index (INPC) advanced 0.84 percent monthly in the month of October.

According to the Inegi, during October there were annual increases of 13.44 percent in the cost of energy, such as LP gas, gasoline or electricity.
Likewise, there was an increase of 12 percent in the price of livestock products, such as pork or chicken, eggs, milk, among others. While the prices of services accelerated and stood at 3.64 percent at the annual rate.

The entities that suffered the most from this price increase were Tabasco, Coahuila, Nuevo León, Campeche and Quintana Roo. On the contrary, in Mexico City, San Luis Potosí, Puebla, State of Mexico and Sinaloa there was a decrease in the cost of goods and services.