Mexico: Egg and meat accelerated inflation in the first half of February

Said by the price of eggs, meats and services, the general inflation of Mexico accelerated in the first half of February, being located at 3.74 percent per year, revealed data from the National Institute of Statistics and Geography (INEGI).

After six biweekly readings annually, the National Consumer Price Index (INPC) accelerated from 3.48 percent to 3.74 and increased to its highest level from the second half of December 2024, but remained by Below 4 percent, the upper limit of the price stability goal of the Bank of Mexico, for the fourth consecutive fortnight.

In the first part of this month, the index reached 138,631 points, which represented an increased of 0.15 percent compared to the previous fortnight.

According to the INEGI, generic products whose price variations, up to work, highlighted for their incidence on general inflation were the egg, with a biweekly increase of 5.28 percent; the services in lonches, fondas, tortías and taquerías, with an increase of 0.5; own house, 0.18 percent, as well as beef and pork, with increases of 1.11 and 1.01, respectively.

In contrast, tomato, onion, zucchini, nopales and low octane gasoline decreased their prices 18.53, 7.81, 10.27, 10.66 and 0.18 percent, respectively.

Annual accumulated of 3.74%

With this result, the general annual inflation was 3.74 percent. The underlying price index, which excludes goods and services with more volatile prices or that do not respond to market conditions, increased 0.27 its biweekly rate. Also, goods prices rose 0.21 and 0.32 percent services; In the past 12 months it was located at 3.63.

At a biweekly rate, the non -underlying price index, which includes volatile prices, decreased 0.25 percent. Within this, the prices of agricultural products fell 0.81 and those of energy and rates authorized by the government grew 0.18. The above caused its annual measurement to be 3.98 percent.

Inflation figures have a mixed panorama. On the one hand, the annual non -underlying had a significant rebound, driven by the increase in the prices of livestock products (10.4 percent compared to 8.13 prior; its highest level since the second half of December 2022), as well as a Less drop in fruits and vegetable prices (6.25 compared to an increase of 9.33 percent), which in the previous fortnight had contributed to a significant decline in inflation.

On the other hand, the underlying showed few changes and continued at levels similar to its prepandiness average, with the goods being stable and the services at levels close to minimum of three years, Monex described.