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Consumer prices in Mexico up 6.35% year-on-year in September

The consumer price index (CPI) in Mexico rose by 0.31% in September compared to August, so that accumulated inflation in the last 12 months was 6.35%, reported today the National Institute of Statistics and Geography (INEGI).

Mexico, Oct 9 (EFE) .- The consumer price index (CPI) in Mexico rose by 0.31% in September compared to August, so that inflation accumulated in the last 12 months remained at 6.35%, the National Institute of Statistics and Geography (INEGI) reported today.

The underlying price index, considered a better parameter to measure general because it eliminated high volatility items in its prices, rose 0.28% monthly and left the annual rate at 4.80%, the institution said in a statement.

Within the subgroup of underlying goods and services, goods increased by 0.33% and services by 0.24% month-on-month.

Within the non-core price index, fell by 0.06% compared to August and energy and government-authorized rates rose 0.72%.

In this way, non-core inflation rose 0.41% month against month and remained at 11.28% year-on-year.

The basic basket price index, which includes a hundred popular consumer products, increased by 0.40% in September to remain in an annual accumulation of 8.11%.

The Inegi also announced today that in September the producer price index, excluding oil, rose 0.14% from August, reached an annual rate of 4.50%.

Mexico registered inflation of 3.36% in 2016, above the 3% target, while in 2015 it was 2.13%, the

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