Mexico's Inflation Rate at 4-Year Low in January


Mexican annual inflation rate declined to 3.07 percent in January of 2015 from 4.08 percent recorded in December. It was the lowest rate since March of 2011, slightly below market expectations and back to the central bank’s target of 4 percent for the first time in seven months.

Year-on-year, communication prices dropped 13 percent (-6.77 percent in the previous month), registering the only annual decrease. Food and non-alcoholic beverages index rose by 5.39 percent (+6.64 percent) while cost of transport increased 2.47 percent (+4.98 percent). Housing, water, electricity and gas cost grew 2.38 percent (+2.98 percent) and clothing and footwear prices advanced 2.04 percent (+2.27 percent).

On a monthly basis, consumer prices fell 0.09 percent, mostly due a 0.3 percent drop in transport cost as oil prices continue to slow down.  

Annual core inflation rate decreased 0.03 percent to 2.34 percent in January of 2015.

Mexico


INEGI I Carolina Cunha I carolina.cunha@tradingeconomics.com
2/9/2015 5:02:07 PM