Inflation in Mexico continues its upward trend and in the first half of July 2024, it stood at 5.61 percent, reported the National Institute of Statistics and Geography (Inegi), which if it continues like this would add five months with increases.
The Inegi detailed that the National Consumer Price Index (INPC) increased 0.71 percent compared to the previous fortnight and highlighted that in the same fortnight, in 2023, annual inflation was 4.79 percent.
During the first half of July 2024, the underlying price index rose 0.18% at a biweekly rate and 4.02% at an annual rate. Within this, the prices of merchandise increased by 0.02% at a biweekly rate and those of services increased by 0.37%.
Meanwhile, the non-core price index also rose to 2.32% at a biweekly rate and 10.64% at an annual rate. Within this, the prices of agricultural products rose 3.49% and the rates authorized by the government 1.21%.
Products that increased the most in price in the first half of July 2024
During the first half of July 2024, the products and services that rose the most in price and that influenced inflation in Mexico were:
Tomato, with an increase of 27.97%
Onion, with an increase of 16.72%
Chayote, with an increase of 13.41%
Air transport, with an increase of 12.03%
Avocado, with an increase of 10.00%
TYT Newsroom
