Inflation slows to 4.55% in November

General inflation was below the 4.6% that Banamex expected.

“The monthly variation was largely explained by the seasonal increase in electricity rates and services such as housing, area rates and food services, which were partially offset by the drop in prices of non-food merchandise due to the Buen Fin discounts.” said Banamex.

At monthly rate, general inflation increased 0.44%“the lowest for a similar month since 2020 (0.08%),” highlighted Banco Base.

The underlying 0.05% and the non-underlying 1.73% at a monthly rate.

Within non-core inflation, considered a better parameter to measure the behavior of prices, education and other services registered the largest increases with 5.79% and 5.73%, respectively.

Regarding the non-core index, fruits and vegetables had the greatest increase (16.81), followed by agricultural products (10.74%).

Those who rose the most

During October the prices that registered the greatest increases were:

• Papaya: 22.53%
• Onion: 22.32%
• Electricity: 22.27%
• Nopales: 18.58%
• Professional services: 8.91%

Those who fell the most

The products that had the greatest decreases were:

• Lemon: -23.46%
• Pumpkin: -11.07%
• Carrot: -10.93%
• Avocado: -7.30%
• Potato and other tubers: -5-52%