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Home Economy

Logistics Sector Prices See a Slight Increase in November

According to Inegi, the National Producer Price Index grew by 0.93% on a monthly basis.

T21 Media by T21 Media
9 December, 2024
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In November 2024, the National Producer Price Index (INPP) in the transportation and logistics sector in Mexico reported a slight increase, according to information issued this Monday by the National Institute of Statistics and Geography (Inegi) .

In this regard, the agency detailed that, in the eleventh month of the year, prices in the transport, mail and storage industry showed the most significant increase in tertiary activities with 1.37% at a monthly rate and 7.74% annually.

On the other hand, Inegi announced that the INPP aims to measure the variations in the prices of goods and services produced at a national level, and noted that in that month, the INPP, including oil, had a monthly growth rate of 0.93% and 6.38% annually.

By group of economic activities, the primary sector was the one that showed the greatest increase in prices for producers. On a monthly basis, the prices of primary activities, which involve agriculture, mining and fishing, increased by 2.45% in the aforementioned month.

In turn, secondary activities , which include those related to manufacturing, industries and construction, increased 0.99% in the eleventh month of 2024.

The above was the result of price increases in the mining, generation, transmission and distribution of electric energy, supply of water and gas through pipelines to the final consumer, construction, and manufacturing industries sectors, the organization highlighted.

According to Inegi, tertiary activities , which involve transportation, commerce, education, tourism and health, had an increase of 0.56% in the aforementioned period.

Meanwhile, the Index of Intermediate Goods and Services , including oil, rose 0.95% on a monthly basis and 6.24% on an annual basis. In the reference month, the Index of Final Goods and Services , including oil, increased 0.93% on a monthly basis and 6.44% on an annual basis.

These figures take on relevance in the context of the upcoming review of the United States-Mexico-Canada Agreement (USMCA) , which will take place in 2026, since several of the industries reported in this report will be part of the trilateral dialogue.

Since his campaign for the presidency of the United States, Donald Trump , who will take office in January 2025, has threatened to impose 25% tariffs on certain products of Mexican origin, which would affect one of the most important productive sectors for our country, such as the automotive sector, which is beginning to recover pre-pandemic levels both in manufacturing and in sales and exports.

Comment and follow us on X:@GrupoT21

 

Tags: INEGIINPPLogisticsREVIEW OF THE USMCAStorageTMECTRANSPORT

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