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Financial News: MEXICO: Consumer Prices Rise 0.34% In First Half

MEXICO: Consumer Prices Rise 0.34% In First Half Of September

09/24/2017 - 16:50:00 (RTTNews)

(RTTNews) - Mexico's National Consumer Price Index (INPC) increased 0.34% in the first half of September, compared to +0.31% in the same fortnight of August, said the country's statistics office. The increase was primarily due to education (+2.21%) and energy (+1.07%) prices.

On an annual comparison, the INPC rose 6.53% in the first half of September, a slight deceleration from the 6.59% annual reading recorded in the same fortnight of August.

Meanwhile, the underlying price index - which excludes from the calculation the most volatile items such as agricultural and energy prices and government-controlled tariffs - increased by 0.28% on a monthly basis and 4.90% on an annual comparison.

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