Inflation continues to dominate Mexico’s economic agenda, directly impacting families’ pockets. In November, prices for essential goods and services such as electricity and food registered significant increases, reflecting the country’s economic conditions and the evolution of government subsidies. 

The National Institute of Statistics and Geography (Inegi) reported that, in November 2024, the National Consumer Price Index (INPC) increased by 0.44% compared to the previous month , placing the annual general inflation at 4.55 percent . This figure represents a slight increase compared to the same month in 2023, when inflation was 4.32 percent. 

For its part, the non-core price index showed a monthly increase of 1.73% , with a significant rise in the prices of agricultural products (0.62%) and energy (2.64%), the latter attributed to the end of the summer electricity rate subsidy in 11 cities in the country, including Mexicali, Hermosillo and Culiacán. 

On the other hand, core inflation , which excludes goods and services with more volatile prices, showed a modest monthly increase of 0.05%, driven mainly by services (0.35%), while merchandise prices decreased by 0.27 percent. 

Among the products with the greatest upward impact, electricity stood out , with an increase of 22.27%, followed by onions and papaya , with increases of 22.32% and 22.53% respectively.

In contrast, products such as lemon and zucchini showed significant price decreases of 23.46% and 11.07%, respectively. 

In regional terms, the entities with the greatest increases in the INPC were Sonora (3.38%) and Sinaloa (3.08%), while Quintana Roo and Aguascalientes showed variations below the national average. 

Inegi stressed that inflation directly affects the purchasing power of Mexican households, especially in sensitive sectors such as food, housing and energy .

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El cargo Electricity and Food Drive Inflation in November: Inegi apareció primero en T21.