Producer Prices in Mexico
Mexico - Producer Prices
Inflation comes in at highest level since April in September
Consumer prices rose 0.62% in September over the previous month, picking up from August's 0.19% rise. September's result marked the highest reading since March. Looking at the details of the release, transportation prices rose in September after dropping in the previous month and price pressures for housing also rebounded.
Inflation increased to 6.0% in September, above August’s 5.6% and the Central Bank’s 2.0%–4.0% target range. September's reading represented the highest inflation rate since April. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 4.8% in September (August: 4.7%). Finally, core inflation ticked up to 4.9% in September, from August’s 4.8%.
Panelists surveyed by FocusEconomics see inflation ending 2021 at 5.8%, which is up 0.2 percentage points from last month’s forecast. For 2022, the panel sees year-end inflation at 3.7%.
Mexico - Producer Prices Data
|Inflation (PPI, annual variation in %)||1.3||10.3||5.2||6.1||1.0|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||6.87||-0.24 %||Dec 31|
|Exchange Rate||18.93||-0.29 %||Jan 01|
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October 7, 2021
Consumer prices rose 0.62% in September over the previous month, picking up from August's 0.19% rise.
October 4, 2021
Remittances totaled USD 4.7 billion in August, representing a 32.7% year-on-year expansion.
October 4, 2021
Consumer confidence came in at 43.4 in September, up from August's 42.6.
October 1, 2021
The Mexican Institute of Financial Executives (IMEF) Manufacturing Purchasing Managers’ Index (PMI) fell to 49.8 in September from 50.8 in August.
September 30, 2021
On 30 September, the Governing Board of the Bank of Mexico (Banxico) opted to hike the target for the overnight interbank interest rate by 25 basis points to 4.75%, following August’s 25 basis-point increase.