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Financial News: MEXICO: Annual Inflation Slows In September But Remains

MEXICO: Annual Inflation Slows In September But Remains Above Limit

10/09/2017 - 19:56:00 (RTTNews)

(RTTNews) - Mexico's National Consumer Price Index rose 6.35% in September on a yearly comparison, remaining way above the 4% limit set by the country's central bank, but slowing down when compared to the 6.66% rate posted in August.

The annual inflation in September is a result of higher prices for goods, energy, and tariffs set by the government.

In the monthly comparison, Mexico's inflation decelerated to 0.31% in September, from 0.49% in August. The result was below the 0.45% increase expected by analysts.

The underlying index, which excludes food and energy prices, rose by 4.80% in September on a yearly basis - the lowest level since May - and increased by 0.28% on a monthly comparison.

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