The increase in the cost of some agricultural products accelerated the National Consumer Price Index (INPC) , which measures the variation in prices of a basket of goods and services, to 3.93% annually in April 2025, the National Institute of Statistics and Geography (INEGI) announced this Thursday .
With this result in the fourth month of the year, the INPC registered an increase for the third consecutive month at an annual rate and reached its highest annual level since December of last year.
In the reference period, the National Consumer Price Index reported a monthly increase of 0.33% , while the underlying price index , which excludes goods and services with more volatile prices or that do not respond to market conditions, increased 0.49% on a monthly basis, with an increase in the price of merchandise of 0.69% and of services of 0.30 percent .
On a monthly basis, the non-core price index fell 0.21 percent . Domestically, prices for agricultural products rose 1.60 percent , and those for energy and government-authorized tariffs fell 1.59 percent .
According to Inegi, among the products that registered increases in the period were tomatoes with 22.08% , avocados with 10.90% , beef with 2.10% , and detergents with 1.88 percent .
Meanwhile, the products that showed a decrease in their price in April 2025 were electricity with 12.16% , onion with 11.25% , banana with 4.99% , egg with 2.50 % and pork with 1.34 percent .
The Inegi indicated that the federal entities with the greatest increases in the INPC are Morelos and Aguascalientes, each with 0.89% , Sinaloa with 0.84% and San Luis Potosí with 0.75 percent .
In turn, Tabasco, Yucatán, Coahuila and Campeche showed variations below the national average, with decreases of 1.56%, 0.63%, 0.55% and 0.46% , respectively.
Although inflation in the fourth month of 2025 was higher than expected by experts, it remains below the level recorded in the same period in 2024, when it stood at 4.65% annual rate.
According to CIAL Dun & Bradstreet , the Mexican economy is facing a complex situation, characterized by stagnant productive activity and a slowdown in employment.
Given this context and in an environment where inflation is not easing, the company specializing in data solutions and analysis estimated that the Bank of Mexico (Banxico) could reduce its interest rate to 8.50% , with a closing projection of 7.75% by 2025.
Comment and follow us on X: @GrupoT21
