Producer Prices in Mexico
Mexico - Producer Prices
Inflation drops to over two-year low in January
Consumer prices rose 0.09% from a month earlier in January, cooling from the 0.70% month-on-month increase in December. According to the National Statistics Institute (INEGI), lower fuel costs drove the moderation in price pressures. Core consumer prices—which exclude volatile categories such as fresh produce and energy—increased 0.20% month-on-month in January, below December’s 0.47% rise.
Inflation fell to 4.4% in January, notably below December’s 4.8% and marking the lowest reading in over two years. The result was below market analysts’ expectations of a softer fall to 4.5%. Lower energy prices were chiefly behind January’s fall. Core inflation also receded, inching down from December’s 3.7% to 3.6% in January.
Annual average inflation fell from 4.9% in December to 4.8% in January.
Mexico Inflation Forecast
Banxico expects inflation to end 2018 at 3.1%. Panelists surveyed by Met the why particular expect inflation to end 2019 at 3.9%, which is unchanged 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||8.05||-0.24 %||Mar 11|
|Exchange Rate||19.11||-0.29 %||Mar 11|
|Stock Market||41,876||0.12 %||Mar 11|
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March 1, 2019
Remittances totaled USD 2.4 billion in January (December 2018: USD 2.9 billion), a 6.5% increase from the same month a year earlier (December 2018: +6.1% year-on-year).
February 27, 2019
Merchandise trade recorded a USD 4.8 billion deficit in January, up from the USD 4.4 billion shortfall registered in the same month a year ago but in line with analysts’ expectations.
February 25, 2019
Economic activity was flat year-on-year in December, screeching to a halt on the heels of November’s 1.8% increase.
February 25, 2019
A comprehensive estimate for economic growth in the fourth quarter of last year fell shy of analysts’ expectations and confirmed a year-end slowdown on the heels of an upbeat midyear.
February 7, 2019
Consumer prices rose 0.09% from a month earlier in January, cooling from the 0.70% month-on-month increase in December.