Mérida is one of the “most expensive” cities in Mexico; inflation doesn’t stop

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During the month of October it registered 4.39 percent, well above the national average of 4.09 percent.

MÉRIDA, Yucatán.- For the fifth consecutive month, the city of Mérida remained among the 10 cities in the country with the highest inflationary index, reporting 4.39 percent last October, well above the national average, which was 4.09 percent. , the above places it among the highest in price increases in the Yucatan Peninsula.

During October, annual inflation in Yucatán registered a slight deceleration compared to a previous month, registering an annualized 4.39 percent, against 4.44 percent in September.

The National Consumer Price Index (INPC) of the National Institute of Statistics and Geography (Inegi) revealed that last month the city was placed among the 10 capitals of the country with the highest inflation.

The Yucatecan capital reached monthly inflation of 1.21 percent in the tenth month of the year, above the 0.61 percent that was registered at the country level.

Last October, the city was among the 10 cities with the most price increases in the country, where the INPC placed Ciudad Acuña at the top, with 3.59 percent; Coatzacoalcos, with 1.86 percent; Monclova, with 1.85 percent; Campeche, with 1.75 percent, and Tampico, with 1.69 percent.

Also, Villahermosa, with 1.67 percent; Monterrey, with 1.60 percent; Veracruz, with 1.46 percent; Chetumal, with 1.26, and Mérida, with 1.21 percent.

Products with price increase

The federal agency reported that the products that had the highest price increases and recorded a greater impact on inflation were: chicken, with 32.9 percent; the tomato, with 26.4 percent; the lemon, with 16.6 percent, and the onion, with 13.8 percent.

The same index revealed that since last June the increase in the prices of the basic shopping basket products has not given a truce in the Yucatecan capital: the products that became more expensive were food, alcoholic beverages, services, housing, fruits, vegetables, and gasoline.

The federal body pointed out that there are also products that were down in their prices, including grapes, with 9.3 percent; the serrano pepper, with 29.2 percent; chayote, with 24.1 percent, and green tomato, with 12.1 percent.

At the country level, the interannual inflation rate at the end of the tenth of the year stood at 4.01 percent, especially due to increases in the price level of agricultural products and processed foods.

The underlying component, which assesses the price level of already processed food and other merchandise and services, registered an interannual inflation rate of 3.9 percent, the item with the highest price increase was that of food, beverages, and tobacco, with 7.04 percent, while other non-food merchandise increased 3.5 percent and other services 2.4 percent.

Inflation maintained its upward trend during the past month, driven mainly by the increase in the price of gasoline and gas.

Source: sipse.com

The Yucatan Post