Mexico Inflation August 2018

Mexico

Mexico: Inflation rises in August

September 11, 2018

Consumer prices increased 0.58% from a month earlier in August, on the heels of a 0.54% month-on-month climb in July. However, core consumer prices—which exclude volatile categories such as fresh produce and energy—rose 0.25% month-on-month in August, decelerating from July’s 0.29% uptick.

Inflation rose in August, climbing to 4.9% from 4.8% in July. Meanwhile, core inflation was stable from a month earlier at 3.6%.

Banxico expects inflation to moderate in the second half of the year and end 2018 at 3.8%. Moreover, Banxico expects inflation to end 2019 at 3.1%. Panelists surveyed by FocusEconomics expect inflation to end 2018 at 4.5%, which is up 0.2 percentage points from last month’s forecast. For 2019, the panel sees year-end inflation at 3.7%.


Author:, Economist

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Mexico Inflation August 2018

Note: Month-on-month and year-on-year changes of consumer price index (CPI) in %.
Source: Mexico National Statistics Institute (INEGI).


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