During September, annual inflation stood at 4.01%. The data was slightly lower than last August’s annual 4.05% rate, however, for the second consecutive month it is outside the target range of Banco de México which is 3% +/- one percentage point.
The National Consumer Price Index increased by 0.23% compared to the previous month, reported by the National Institute of Statistics and Geography (Inegi).
Read: Covid to increase poverty in Latin America by 37.3%; Ecpal forecasts biggest fall in GDP in 120 years
The products that increased the most in price and had the highest impact on inflation were onion (39.91%); serrano chili (13.94%); lemon (12.56%); primary (2.47%) cars (0.86%).
Those that had a reduction in their costs were: orange (14.52%); professional services (13.98%); tomato (10.11%); avocado (9.01%) bananas (8.18%).
#INPC generics with the highest upward impacts on consumer prices in September were onion (0,084 sts), chicken (0.31) and lemon (0.018); de baja were tomato (-0.068), egg (-0.033) and professional services (-0.031). pic.twitter.com/dWSzNDnVH3
— Julio A. Santaella (@SantaellaJulio) October 8, 2020
The underlying price index, which excludes high price volatility products from its accounting, had a variation of 3.99% per annum.
The National Consumer Price Index for the purposes of individual consumption in September, in details inegi, had the largest increase in alcoholic beverages and tobacco, with 8.15%, more than double the overall inflation (4.01%); and the lowest in communications (-0.65%).
Coahuila, Sonora, San Luis Potosí and Querétaro are the federal entities that reported the greatest price increase.
What we do at Animal Politics requires professional journalists, teamwork, dialogue with readers and something very important: independence. You can help us keep going. Be part of the team.
Subscribe to Animal Politics, receive benefits and support free journalism.#YoSoyAnimal
