In the first half of August 2022, the National consumer price index registered an increase of 0.41% with respect to the previous fortnight, this being the second highest rate for that period since 2016, when it reported an increase of 0.54%.

Based on this result, the annual headline inflation was established at 8.76%, remaining as the highest rate since the second half of December 2000, when it reached 8.87%.

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Being so, that the overall price increase in the first half of August it was above forecasts by analysts by 8.72% at an annual rate, but within the range of between a minimum of 8.64% and a maximum of 8.89% estimated by the 33 financial institutions that were consulted by CitiBanamex, of which six were close to the result with their forecast.

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The underlying price indexwhich includes goods and services whose prices are less volatileregistered an increase of 0.44% at a fortnightly rate and an annual rate of 8.27%; its highest rate since the first half of September 2000. Inside, at annual rate, the prices of merchandise increased 10.75% and those of services, 5.43%.

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$!According to data released by the Inegi, inflation continued to increase during the first half of September, reaching 8.76%.

According to data released by Inegi, inflation continued to increase during the first half of September, reaching 8.76%.

The increase in food prices, not including alcoholic beveragescontinues to be the main reason for the inflation with a annual growth of 14.39% in the first half of September, which became the highest figure in 23 years, since August 1999 when it reached 14.75%.

On the other hand, processed foods reported an annual increase of 13.27% in the first half of September compared to the same period of the previous year, while agricultural products generated directly in the field, had an increase of 15.23%, according to data from the National Institute of Statistics and Geography.

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So too, the increase in the price of fruits and vegetables registered an annual rise of 14.68%among which stand out: onion with an annual increase of 87.26%; the green tomato, 54.91%; lettuce and cabbage, 15.79%; the group of fresh chilies, 14.13%; melon, 13.13%; papaya, 10.24%; and nopales, 10.02%.

As far as the livestock products these registered an annual increase of 15.71%, among which the following stand out: the egg with an annual rise of 35.67%; fish, 14.51%; beef, 13.27%: and chicken, 13.60%.

Likewise, among the processed foodsthose that reported the highest increases are: wheat flour with an annual increase of 39.20%; white bread 30.29%; vegetable oils and fats, 26.73%; sweet bread, 22.44%; wheat flour tortillas, 23.79%; box bread, 21.89%; pasta for soup, 19.36%; Manchego and Chihuahua cheese, 17.75%; dough and corn flour, 15.34%; corn tortilla, 15.09%; and baby food, 13.66%.

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With information from the El Universal Agency.

Source: Vanguardia

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J. A. Allen

Author, blogger, freelance writer. Hater of spiders. Drinker of wine. Mother of hellions.

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