The general inflation rate in Mexico fell in the first half of May to 6%, gThanks to the fall in energy and agricultural prices, the National Institute of Statistics and Geography (Inegi) reported this Wednesday.
The data, below market expectations, involves six consecutive fortnights of decline after the index of 6.25% for all of April, 6.85% for March, 7.62% for February, 7.91% for January and 7.82% for last December, when inflation had its highest annual close in 22 years and so far this century.
In addition, the statistics institute reported a decrease of 0.32% in the Consumer Price Index (CPI) compared to the previous 15 days.
The Inegi recalled that in the same fortnight of 2022, a year ago, biweekly inflation was 0.06% and the annual one was 7.58 percent.
The underlying price index, considered a better parameter to measure the general shortage because it eliminates items with high volatility in their prices, increased by 0.18% fortnightly and 7.45% annually, detailed the Inegi in its report.
While the non-core item decreased by 1.85% at a biweekly rate, atalthough it rose 1.70% year-on-year. Within the underlying subgroup, merchandise increased 0.17% in the fortnightly and 9.16% in the year, while services advanced 0.19% biweekly and 5.44% annually.
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In the non-underlying, agricultural prices decreased by 0.52% rcompared to the immediately previous period, but they rose 5.59% compared to the same period last year.
Energy and tariffs authorized by the Government they were reduced by 2.99% in the fortnightly period and by 1.51% in the year.
The basic basket price index, made up of 176 products and services, fell 0.32% fortnightly, although it rose 6% at the annual rate.
Consumer prices closed in 2022 with a rise of 7.82%, above 7.36% in 2021, which then was the highest level in the last 20 years.
JM
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