Mexico Inflation Rate Rises Further
Mexican annual inflation rate accelerated for the fifth straight month to 4.22 percent in September of 2014 from 4.15 percent in August. Monthly inflation rose to 0.44 percent, the highest rate in eight months.
10/9/2014 2:40:41 PM
Year-on-year, cost of alcoholic beverages and tobacco recorded the highest increase (6.36 percent), followed by food and non-alcoholic beverages (6.15 percent), transport prices (6.09 percent) and restaurant and hotels (6.07 percent).
Additional upward pressures came from prices of education (4.3 percent), health (4.11 percent), housing, water, electricity and gas (2.59 percent) and clothing and footwear (2.46 percent). In contrast, communication cost fell 1.99 percent.
On a monthly basis, consumer prices rose 0.44 percent in September, following a 0.36 percent increase in August, driven by higher tomato, onion and beef cost.
Annual core inflation rate slowed to 3.34 percent from 3.37 percent in the previous month.