Inflation reaches highest level in 8 years

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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