Producer Prices in Mexico
Mexico - Producer Prices
Inflation ticks up in December
Consumer prices rose 0.70% from a month earlier in December, cooling somewhat from their 0.85% month-on-month increase in November. According to the National Statistics Institute (INEGI), lower fuel costs helped offset a jump in food prices. Core consumer prices—which exclude volatile categories such as fresh produce and energy—increased 0.47% month-on-month in December, nearly twice as fast as November’s 0.25% uptick.
Inflation notched up to 4.8% in December (November: 4.7%). Moreover, core inflation edged up to 3.7% from 3.6% a month earlier. All told, annual average inflation ended the year at 4.9%.
Banxico expects inflation to end 2018 at 3.1%. Panelists surveyed by Met the why particular expect inflation to end 2019 at 3.8%, which is up 0.1 percentage points from last month’s forecast. For 2020, the panel sees year-end inflation at 3.7%.
Mexico - Producer Prices Data
|Inflation (PPI, annual variation in %)||1.3||0.9||1.3||11.3||5.2|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||8.73||-0.24 %||Jan 21|
|Exchange Rate||19.17||-0.29 %||Jan 21|
|Stock Market||44,029||0.12 %||Jan 21|
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January 15, 2019
Mexico’s new government earned plaudits on the announcement of its 2019 budget on 15 December, its first since Andrés Manuel López Obrador (AMLO) took power on the heels on last July’s landslide election victory.
January 9, 2019
Consumer prices rose 0.70% from a month earlier in December, cooling somewhat from their 0.85% month-on-month increase in November.
January 3, 2019
Remittances totaled USD 2.9 billion in November (October: USD 2.9 billion), a 20.2% increase from the same month a year earlier.
January 2, 2019
Mexico’s manufacturing sector appeared to contract in December.
December 28, 2018
Merchandise trade recorded a USD 2.4 billion deficit in November, down considerably from the USD 0.4 billion surplus registered in the same month a year earlier.