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Sunday 21 December 2014

Inflation in Mexico down

Mexico, April 22.- The increase in consumer prices in Mexico went down due to a decrease in the price of travel packages and air transportation fares, as well as drop in the quotation of administrative services and lower fruits and vegetables prices.
According to Banco de Mexico, Consumer Prices Index dropped 0.31% in the first fifteen days of April, a lot better than the expected 0.09% increase.
Underlying inflation indicator, excluding volatile elements, went down 0.03% in the above-mentioned term, quite below the estimated 0.17% increase.
Goods and services sub-indexes were 0.15% and -0.20% respectively. The behavior of goods sub-index was greatly influenced by lower food prices. While for services, increases in the quotation of generic services, air transportation and travel packages were observed.
Non-underlying inflation index shrunk 1.05%.
Annual rate for prices of goods and administrative services dropped 1.11% in the first fifteen days of April as a result of lower power rates, while produce prices dropped 0.93%.
Banco de Mexico’s inflation goal is 3%, which should be reached by the end of 2011. (With information from Finsat/APB).

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