In January 2025, the drop in prices of air transport, agricultural products and tourism services contributed to a slowdown in the National Consumer Price Index (INPC) , which measures the variation in the prices of a basket of goods and services, which stood at 3.59% annually , reported the National Institute of Statistics and Geography (Inegi) .
In the first month of the year, the INCP showed a variation of 0.29%compared to the previous month, while the underlying price index , which excludes goods and services with more volatile prices or those that do not respond to market conditions, increased 0.41% at a monthly rate, with an increase in the price of merchandise with 0.67% and services with 0.17 percent .
On a monthly basis, the non-core price index decreased by 0.14 percent . Within this, prices of agricultural products fell by 1.49% and energy prices and government-authorized tariffs grew by 0.93 percent.
Inegi reported that among the products that registered increases in the period were bananas with 16.51% , cigarettes with 4.17% and chicken with an increase of 2.30 percent . Meanwhile, air transport showed a decrease of 38.64% , due to the end of the year holidays.
Other products that reported a decrease in their prices in January 2025 were papaya with 16.50% , tomato with 15.45% , and green tomato with 14.01 percent .
By region, the states with the highest increases in the INPC in the first month of the year were Coahuila with 0.63% , Tabasco with 0.57% and San Luis Potosí also with 0.57% . In turn, Tlaxcala, Baja California Sur and Morelos had variations below the national average, with decreases of 0.15% , 0.10% and 0.03% , respectively.
According to figures released by Inegi, general inflation in the first month of 2025 continued to slow down, after reaching 3.69 percent in the first half of January . The behavior of the first month of 2025 represents the lowest level since February 2021. With this, inflation in Mexico also linked three months of decline .
These figures were released after the Bank of Mexico (Banxico) lowered the interest rate by 50 basis points on February 6, leaving it at 9.5 percent .
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