The Mexican general inflation rate rose in the first half of January up to 7.94% per year, reported this Tuesday the National Institute of Statistics and Geography (Inegi).
The data, that exceeded market expectations contrasts with the rate of 7.82% for all of last December, when inflation had its highest annual close in 22 years and so far this century.
In addition, the statistics institute reported an increase of 0.46% in the Consumer Price Index (IPC) compared to the previous 15 days.
The Inegi recalled that in the same fortnight of 2022, a year ago, biweekly inflation was 0.39% and annual 7.13%.
The underlying price index, considered a better parameter to measure general shortages because it eliminates items with high volatility in their prices, increased by 0.44% fortnightly and 8.45% annually, detailed the Inegi in its report.
While the non-core item rose 0.51% at a biweekly rate and 6.44% year-on-year.
Within the underlying subgroup, merchandise increased 0.55% in the fortnightly period and 11.02% in the year.
While services advanced 0.3% fortnightly and 5.47% annually.
In the non-underlying, agricultural prices rose 0.35% compared to the immediately preceding period and 9.99% compared to the same period last year.
The energy and tariffs authorized by the Government of Mexico they rose 0.64% in the fortnight and 3.59% in the year.
The price index of the minimum consumption basket, made up of 176 products and services, it climbed 0.5% fortnightly and 8.56% at the annual rate.
Consumer prices closed 2022 with a rise of 7.82%, above the 7.36% of 2021, which then was the highest level in the last 20 years.
In contrast, 2020 inflation closed at 3.15%.
The data for the first half of January implies 45 consecutive fortnights in which inflation is above the target range of the Bank of Mexico (Banxico)which is 3%.
Faced with inflation, the central bank has raised the interest rate 13 times to a record 10.5 percent.
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