Inflation decreases after fourteen months

After fourteen consecutive months on the rise, inflation began to decrease. Significant progress was made because, in Mexico City , public transport such as subway and Metrobus provided services free of charge after a 7.1-magnitude earthquake hit the country on September 19 , and the prices of red and green tomato, and mobile phone service decreased, according to Mexico's National Institute of Statistics and Geography ( Instituto Nacional de Estadística y Geografía abbreviated Inegi ).

During September 2017 , Mexico's National Consumer Price Index presented a monthly increase of 0.31% , bringing the annual inflation rate to 6.3% , compared to the 6.66% annual inflation rate in August 2016 .

Some of the goods that presented a price decrease and services, which contributed to contain inflation in September, were: tomato , -20.18% ; subway and Metrobus , -23.49% ; green tomato , -17.71% ; mobile phone service , -3.72% ; bananas , -10.80% ; all-inclusive tourist services , -3.29% ; avocado , -7.20% ; and chicken , -0.94% , among others.

While the products that presented a price increase were: onion , 44.89% ; LP gas , 4.61% ; low octane gasoline , 1.46% ; and potato, 16.71% , among others.

The underlying price index , which does not include goods and services whose prices are more volatile, presented a monthly increase of 0.28% and an annual rate of 4.80% .

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