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In the first 15 days of July, inflation was 4.85% year-on-year, a figure away from the Bank of Mexico's target for this indicator.
(Expansión) –
Increases in gasoline do not cause inflation in Mexico, which accelerated in the first half of July and even slightly exceeded market expectations , according to data released by INEGI on Tuesday.
General inflation in Mexico reached a rate of 4.85% per annum in the first fifteen days of July, said the National Institute of Statistics and Geography (INEGI). Analysts polled by the Reuters news agency expected a rate of 4.75% per year.
The low octane gasoline figure on the list of products that have increased the most and had the biggest impact on general inflation, with an increase of 0.90% . Electricity rates increased by 0.71%. Some agricultural products also increased their price and remained in consumers' pockets, with green tomatoes having increased by 42.13%, tomatoes by 4.35%, onions by 6.73% and pork 1.37%, according to data from the institute.
It is guava (-5.49%) and melon (-5.49%) that decreased the most
During the fortnight, prices increased by 0.32% , while for the underlying index, they rose 0.19%.
Banco de México (Banxico) warned that achieving its goal of 3% plus / minus one percentage point would be slower than expected, even though it is certain that it will be reached in the first quarter of 2019.
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