Inflation reaches highest level in 8 years

In the first half of June 2017, the National Consumer Price Index registered a biweekly increase of 0.15% and an annual rate of 6.30%
File photo/EL UNIVERSAL
22/06/2017
11:30
Rubén Migueles
Mexico City
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Inflation continued its upward trend during the first half of June to reach its highest level in eight years as a result of LP gas, gasoline and air transport increases among other goods and services.

In the first half of June 2017, the National Consumer Price Index registered a biweekly increase of 0.15% and an annual rate of 6.30%, the highest since the first half of January 2009, according to the latest data disclosed by the National Institute of Statistics and Geography (INEGI).

The goods and services that influenced the most on this result due to their price increase during the first half of June were: domestic LP gas with a biweekly increase of 2.04%; tomato with an increase of 6.75%; air transport, 8.71%; small restaurants and diners, 0.24%; tourist services packages, 1.91%; housing, 0.08%; beef, 0.32%; potato and other tubers, 3.50%; and chayote, 13.69%.

On the contrary, the products whose prices had the lowest impact were: Green tomato with a biweekly decrease of 14.66%; low octane gasoline, -0.28%; egg, -2.04%; grape, -13.16%; lemon, -8.95%; poblano chilli pepper, -10.33%; lettuce and cabbage, - 4.42%; personal deodorants, -1.12%; and zucchini, -4.36%.

The underlying price index, which does not include the most volatile goods and services, had a biweekly increase of 0.17% and an annual rate of 4.82%; On the other hand, the non-core price index rose 0.09% biweekly, reaching an annual variation of 11.07%.

Within the underlying price index, prices of goods increased 0.18% and services 0.16% biweekly.

Within the non-core price index, prices of agricultural products rose 0.03%, while those of energy and government-authorized rates showed a rise of 0.13%.

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