Annual inflation marked a new record high since 2001, with the first half of July reaching 8.16% due to the increase in the prices of agricultural products and electricity, the National Institute of Statistics and Geography (Inegi) reported this Friday.
The annual measurement of the National Consumer Price Index (INPC) exceeded the record of 8 percentage points.
Inflation thereby had four consecutive annual increase readings, marking a new record since January 2001.
Despite the measures implemented by the country’s authorities to contain the increase in the price of products, inflation was 0.43% higher in the first half of July compared to the last half of June.
Products with greater volatility, such as energy and tariffs, increased 0.68%, so its annual measurement stood at 9.96%.
The products with the highest increases were potatoes, with a fortnightly variation of 6.82%; eggs, with 6.28; oranges, with 6.04, and electricity, with 1.38%, although the latter receives subsidies due to special summer rates.
Due to the summer vacation season, air transport and packaged tourist services increased by 6.03 and 4.44%, respectively.
In contrast, the downward products compared to the immediately previous fortnight were grapes, with 11.21%; poblano chilis, with 5.45; avocados, with 3.64; chicken, with 1.37, and zucchini, with 2.73%.
Many analysts estimated that annual inflation will rise again in August, and will moderate in the fourth quarter of the year, because bottlenecks in supply chains associated with the pandemic are expected to gradually resolve.
They added that there are still risks of inflation due to the extension of the war in Ukraine, especially in terms of raw materials and energy.