In the first half of January 2025, the National Consumer Price Index (INPC) , which measures the variation in the prices of a basket of goods and services, stood at 3.69% annually , which was its lowest level since February 2021, according to information from the National Institute of Statistics and Geography (Inegi) published this Thursday.
The agency detailed that in the reference period, the INPC reported a biweekly variation of 0.20% in the first half of January, while the underlying price index , which excludes goods and services with more volatile prices or those that do not respond to market conditions, increased 0.28% at a biweekly rate, with a notable increase in the price of merchandise with 0.49% and services with 0.07 percent .
At a biweekly rate, the non-core price index registered a fall of 0.04 percent . Within this, the prices of agricultural products decreased by 0.99% and those of energy and government-authorized tariffs increased by 0.70 percent .
Among the products that registered increases in the period are bananas with 7.96% , cigarettes with 3.14% and electricity with an increase of 1.80 percent .
On the other hand, air transport showed a decrease of 31.51% , due to the end of the year holidays and the return to school and work activities after the December holidays. Other products that reported a decrease in their prices were tomatoes with 9.08% , grapes with 8.34% , and green tomatoes with 6.60 percent .
In turn, among the entities with the greatest increases in the INPC are Coahuila with 0.57% , Tabasco with 0.49% and Chihuahua with 0.38% , while Tlaxcala, Morelos and Campeche had variations below the national average, with decreases of 0.20% , 0.19% and 0.16% , respectively.
According to the figures revealed by Inegi for the first half of January 2025, which show a downward trend compared to December 2024, when inflation stood at 4.21% , the January cost will hit the pockets of Mexicans less hard.
Despite this drop in inflation, various analysts have warned that the economic outlook in Mexico for this year will be moderate and with significant challenges arising from political uncertainty, both in our country and in the United States, now that Donald Trump took office on January 20 , who plans to implement tariffs of up to 25% on Mexico starting next February 1.
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