Mexico Inflation December 2018

Mexico

Mexico: Inflation ticks up in December

January 9, 2019

Consumer prices rose 0.70% from a month earlier in December, cooling somewhat from their 0.85% month-on-month increase in November. According to the National Statistics Institute (INEGI), lower fuel costs helped offset a jump in food prices. Core consumer prices—which exclude volatile categories such as fresh produce and energy—increased 0.47% month-on-month in December, nearly twice as fast as November’s 0.25% uptick.

Inflation notched up to 4.8% in December (November: 4.7%). Moreover, core inflation edged up to 3.7% from 3.6% a month earlier. All told, annual average inflation ended the year at 4.9%.

Banxico expects inflation to end 2018 at 3.1%. Panelists surveyed by FocusEconomics expect inflation to end 2019 at 3.8%, which is up 0.1 percentage points from last month’s forecast. For 2020, the panel sees year-end inflation at 3.7%.


Author:, Economist

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Mexico Inflation December 2018 0

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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