The inflation in Mexico gave signs of moderation by registering a Annual variation of 4.99 percent in August 2024a figure lower than the 5.57 percent reported the previous month, according to information provided on Monday by the National Institute of Statistics and Geography (INEGI).
This slowdown in prices This represents the first decline in the inflation rate after five consecutive months of growth, which has generated expectations of a possible economic stabilization in the short term.
He National Consumer Price Index (INPC), a key indicator for measuring the evolution of prices of a basic basket of goods and services, showed a slight monthly increase of 0.01 percent compared to July.
Although the figure is almost flat, it marks a significant difference from previous variations that had kept the cost of living in the country under pressure.
Core and non-core inflation: different dynamics
The Inegi report also highlights the evolution of the underlying and non-underlying components of inflation.
The underlying inflation, which excludes highly volatile products such as energy and fresh foods, rose 0.22 percent on a monthly basis, with an annual increase of 4.00 percent.
This component is key to measuring long-term price stability and primarily reflects the behavior of goods and services.
In it breakdown of underlying inflationmerchandise prices showed a monthly increase of 0.18 percent, while services rose by 0.27 percent.
This dynamic indicates that, although the rise in prices has decreased, pressures still persist in certain sectors of consumption.
On the other hand, the non-core indexwhich includes more volatile products, registered a monthly decrease of 0.70 percent, although at an annual rate it remained high at 8.03 percent.
Within this group, prices of agricultural products fell by 2.08 percent, while energy prices and government-authorized tariffs increased by 0.48 percent.
The fall in agricultural prices has been a determining factor in the slowdown in general inflation, especially in the fresh food sector.
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