Inegi reports the new inflation figure for July so far.
This Thursday, The National Institute of Statistics and Geography (INEGI) reported a reduction in inflation in the Mexican economy during the first half of July. .
Inflation slowed to 3.55% annual rate , posting three consecutive downward periods, which has brought it back within the Bank of Mexico's target range.
Read also: Mayors of the ZMG region call for restructuring and combating corruption in SIAPAThe National Consumer Price Index saw a 0.15% increase in the first half of July compared to the previous period, the smallest increase for that period since 2015.
The overall price increase in the first half of July was below the median of analysts' projections, which was 3.65%, but within the range of their expectations, which ranged from a minimum of 3.55% to a maximum of 3.89%, forecast by the 37 financial institutions surveyed by Citi, of which only two were correct in their forecasts. .
We recommend: Sheinbaum congratulates the Security Cabinet for its results in the country.The goods and services whose prices had the greatest downward impact on inflation in the first half of July were:
| PRODUCT OR SERVICE | BIWEEKLY DECREASE |
| Grape | 11.96% |
| Papaya | 5.86% |
| Lemon | 5.73% |
| Green tomato | 3.34% |
| Avocado | 3.21% |
| Diapers | 2.0% |
| Chicken | 1.79% |
| Tequila | 1.29% |
On the contrary, among the generics whose prices were most influenced upwards are:
| PRODUCT OR SERVICE | BIWEEKLY INCREASE |
| Nopales | 14.44% |
| Air transport | 11.25% |
| Lettuce and cabbage | 8.71% |
| Onion | 4.2% |
| Egg | 3.29% |
| Loncherías, inns, cake shops and taquerias | 0.3% |
| Restaurants and the like | 0.23% |
| Own home | 0.11% |
The core price index, which includes goods and services whose prices are less volatile, observed Growth in the first half of the seventh month of the year was 0.15% and annual growth of 4.25%, a figure lower than the 4.28% observed in the previous fortnight . Inside, the prices of the goods increased by 4.01% and services by 4.49%, both compared to the same period last year. .
The non-core price index It advanced 0.16% in the first half of July, bringing its annual increase to 1.24% compared to the 3.43% increase observed in the immediately preceding period. . Within the indicator, Prices for agricultural products grew by 0.26% annually, while prices for energy and government-authorized tariffs increased by 2.09%. .
Finally, the Minimum Consumption Basket Price Index, which evaluates the prices of 176 products and services that comprise it, had a fortnightly variation of 0.11% in the first half of this month and an annual increase of 3.73%. .
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FF
- Inflation
- Inegi
- Mexican Economy
- National Institute of Statistics and Geography
- Bank of Mexico
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