MEXICO CITY: Mexico’s consumer price index rose 0.51 percent in October, compared to September, bringing the inflation rate over the past 12 months to 2.48 percent, the National Institute of Statistics and Geography, or INEGI, said.
The core rate of inflation, which excludes volatile food and energy prices, rose 0.25 percent, with the core inflation rate over the past 12 months at 2.47 percent, the INEGI said in a statement.
The sectors having the greatest effect on the index were energy, up 3.30 percent, and fruits and vegetables, which rose 0.68 percent.
Livestock prices led the decliners, falling 0.30 percent, compared to the previous month.
The basic basket of essential goods, which includes about 100 widely used products, rose 1.04 percent in October and is up 1.86 percent over the past year.
The producer price index fell 0.08 percent in October, compared to September, with the annualized rate now at 3.47 percent, the INEGI said.
In 2014, consumer prices rose 4.08 percent in Mexico, a level just above the central bank’s target.
The Bank of Mexico has set an inflation target of 3 percent for 2015, with a 1 percent upper and lower band.
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