In November 2024, the National Consumer Price Index (INPC) decreased 0.44% compared to the previous month; With this result, annual general inflation stood at 4.55%, the lowest level since March of this year, reported the National Institute of Statistics and Geography (Inegi).
In its monthly report, Inegi indicated that the products and services that registered an increase in prices and had the greatest impact on inflation in November were: electricity; onion; own home; LP domestic gas; papaya; services in loncherías, inns, cake shops and taquerias; air transport; professional services; services in restaurants and similar; and nopales.
However, the above was partially offset by lower prices in: lemon, potato and other tubers, zucchini, carrots, avocado, detergents, hair products, tennis shoes, personal deodorants and televisions.
Within the INPC, the underlying price index (which excludes prices of more volatile goods and services, such as agriculture, energy and tariffs authorized by the government, and which allows for a better perspective of the behavior of inflation in the medium term ) increased 0.05% at a monthly rate and 3.58% at an annual rate. The latter is the lowest rate since April 2020.
Within the underlying index, at a monthly rate, merchandise prices decreased 0.27% and services prices grew 0.35%.
Meanwhile, the non-core price index (which does record prices of more volatile goods and services) registered an increase of 1.73% monthly and 7.60% annually, the latter being the lowest rate in the last two months.
Within the non-core index, at a monthly rate, the prices of agricultural products rose 0.62% and those of energy and tariffs authorized by the government, 2.64%. The above, to a greater extent, due to the conclusion of the subsidy to the summer season electricity rate program in 11 cities in the country where the INPC has coverage, reported the Inegi.
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