Mexico: Inflation falls to lowest level since March in August
September 9, 2021
Consumer prices rose 0.19% in August over the previous month, below the 0.59% increase recorded in July. August's result marked the weakest reading since November 2020. The reading was driven by falling prices for housing and transportation. In addition, prices for education and recreation grew at a more subdued pace.
Inflation ticked down to 5.6% in August, following July’s 5.8%. August's figure represented the lowest inflation rate since March. Annual average inflation ticked up to 4.7% in August (July: 4.5%). Finally, core inflation ticked up to 4.8% in August, from the previous month's 4.7%.