Inflation in Mexico rose in the first half of October after two months of declines.
Inflation in Mexico cut the positive streak of two months of declines by reaching 4.69% in the first half of October 2024, after closing at 4.58% in September, reported the National Institute of Statistics and Geography (Inegi) in its report today, October 24.
Inegi detailed that the National Consumer Price Index (INPC) rose 0.43% in the first half of October of this year compared to the previous half. In the same half of 2024, annual inflation was 4.27%.
During these first fifteen days of October, the underlying price index rose 0.23% at a biweekly rate and 3.87% at an annual rate. Within this, the prices of goods increased by 0.21% and those of services by 0.25%.
Meanwhile, in the same period, the non-core price index registered an increase of 1.08% at a biweekly rate and 7.17% at an annual rate. Within this, the prices of agricultural products rose 0.70% and those of energy and government-authorized tariffs rose 1.39%.
Many products rose in price in the first half of October 2024.
In the first half of October 2024, various products and services rose in price, affected by inflation.
San Miguel Times
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