Merida is positioned as one of the most expensive cities in the country.
During the second half of October 2024, Mérida ranked sixth among the cities with the greatest upward variation in inflation with 1.4%, higher than the 1.21% reported in the first half of that month, higher than the national average which was 0.55% for this period, according to the National Consumer Price Index (INPC).
At the top of the list of metropolises with the greatest variation above the national average is Ciudad Acuña, Coahuila, with 2.87%. It is followed by Villahermosa, Tabasco, with 2.24%; Cancún, Quintana Roo, with 1.64%; Coatzacoalcos, Veracruz, with 1.42%; Chetumal, Quintana Roo, with 1.41; Mérida, with 1.4%; Monterrey, Nuevo León, with 1.39%; Campeche, Campeche, with 1.38%; Tampico, Tamaulipas, with 1.32% and Monclova, Coahuila, with 1.29%.
The inflationary increase at the end of October was mainly derived from the increase in electricity rates, as well as basic products such as food, beverages, and tobacco.
In addition, the prices of cactus, papaya, tomatoes, and squash registered significant increases, which increased the pressure on household budgets.
In the second half of October, inflation in Mexico showed an upturn reaching an annual rate of 4.69%, interrupting a trend of five consecutive fortnights of decline. This increase is within the expectations of some analysts who project an annual range between 4.58% and 4.82%.
In detail, the sectors that drove the increase include electricity, which rose 18.1% due to the end of the Federal Government’s subsidies on rates, as well as basic products such as food, beverages, and tobacco. The price of nopales increased 34.67%; papaya, 26.85%; green tomatoes, 23.06%; zucchini, 19.86%; tomatoes, 15.62%, and onions, 7.22%.
TYT Newsroom
