Mexico’s National Consumer Price Index (INPC) stood at 3.75% year-on-year in October, which reflects an advance over the 3.45% observed in September, according to data released this Monday by the National Institute of Statistics and Geography (Inegi).
On a monthly basis, October’s inflation rose 0.65%, above the 0.42% recorded in the ninth month of the year. Within this pattern, goods and services increased in price by 0.22% and 0.44%, respectively.
Core inflation, which excludes the most volatile components or those that are little linked to the usual dynamics of the market, advanced 0.34% on a monthly rate, fourteen hundredths more than in the previous figure. On a year-on-year basis, this variable stood at 3.80%, five hundredths above the prior level.
By spending groups, the largest monthly increases were recorded in housing, water, electricity, gas and other fuels (1.49%); in insurance and financial services (1.18%); and in recreation, sports and culture (1.15%). On the other side, telecommunications prices fell by -0.36%, educational services remained unchanged, and those related to health increased by 0.16%.
By territory, Tabasco (2.39%), Yucatán (1.59%) and Quintana Roo (1.36%) were the federal entities where the cost of living rebounded most strongly in monthly terms. In contrast, Sinaloa (0.12%), San Luis Potosí (0.17%) and Nayarit (0.20%) recorded the lowest inflationary pressures in the country.