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

The agency detailed that, in the last month of the year, prices in the transport, mail and storage industries showed the most significant increase in tertiary activities with 2.78%  at a monthly rate and  8.29%  annually.

The INPP aims to measure the variations in the prices of goods and services produced at a national level, said Inegi, who specified that in that month the indicator, including oil, had an increase at a monthly rate of 0.76%  and  7.49% 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 sectors, which involve agriculture, mining and fishing, increased by  2.99% in the referred month.

In turn, secondary activities , which include those related to manufacturing, industries and construction, increased 0.45% in the twelfth month of 2024.

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

According to Inegi, tertiary activities , which involve transportation, commerce, education, tourism and health, increased by 0.97% in the period. Meanwhile, the Index of Goods and Services for Intermediate Use rose by 1.28% at a monthly rate and by 8.58% at an annual rate.

Inflation stood at 4.21% in December

Inegi also announced that the National Consumer Price Index (INPC) , which measures the variation in the prices of a basket of goods and services, stood at 4.21% in December 2024, from the 4.55% annual rate reported in November, thus achieving the lowest rate for a year-end since 2020.

The agency detailed that in that month, the INPC reported a monthly variation of 0.38% , while the underlying price index , which excludes goods and services with more volatile prices or that do not respond to market conditions, increased 0.51% at a monthly rate, with a notable increase in the price of services with 0.61% , and food, beverages and tobacco 0.43 percent .

On a monthly basis, the non-core price index registered a fall of 0.04 percent . Within this, the prices of agricultural products decreased by 0.64% and those of energy and government-authorized tariffs increased by 0.45 percent .

Among the products with the greatest upward impact, air transport stood out with 26.27% , followed by grapes with an increase of 20.27% , driven by the end-of-year festivities; as well as chicken, with an increase of 2.29 percent .

On the other hand, products such as papaya, serrano chili and green tomato showed a significant decrease in their cost, with a drop of 25.80%, 13.99% and 13.93 percent , respectively.

By region, the entities with the greatest increases in the INPC were Baja California Sur with 0.67% and Nayarit with 0.64% , while Tlaxcala and Tabasco showed variations below the national average.

The figures for both indicators become relevant in the context of the upcoming review of the United States-Mexico-Canada Agreement (T-MEC) , which will take place in 2026, since several of the industries reported in the INPP will be part of the trilateral dialogue, and could impact the National Consumer Price Index.

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