Inflation in the first half of October in Mexico

Inflation in the first half of October in Mexico indicates a slowdown in the rise of products and is moving towards the government’s target. In the first half of October, the national inflation rate reached its lowest level in over two years, standing at 4.27%.

With these numbers, inflation in the first half of October in Mexico has been following a deceleration trend for eight and a half months. During the first half of October, the year-on-year inflation rate in Mexico was 4.27%, the lowest for a two-week period since March 2021.

With inflation in the first half of October in Mexico at this level, the national rate is approaching the target set by the Bank of Mexico (3% +/- one percentage point).

This significant slowdown is a result of significant decelerations in both the core and non-core components, which recorded year-on-year inflation rates of 5.54% and 0.48%, respectively, according to figures from the National Institute of Statistics and Geography.

Additionally, the immediate analysis revealed that the National Consumer Price Index (CPI) increased by 0.24% compared to the previous two-week period.

This increase is one of the lowest recorded for the first half of October.

The report on inflation in the first half of October in Mexico highlights that, unlike previous periods, there was almost no gap between core and non-core inflation during this time, with increases of 0.24% and 0.25%, respectively.

Among non-core products, which include agricultural and energy products, fluctuations are more common due to the volatility of the prices of these products.

On the other hand, the core component includes processed foods, personal care products, education, transportation, and other services.

The deceleration trend shows significant price stabilization at the national level after the inflationary wave experienced in 2022.

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