Mérida shows one of highest inflation rates in México: survey

A study carried out by the INEGI (National Institute of Statistics and Geography) on the Consumer Price Index (CPI) showed that Mérida’s annual rate rose to 6.28% in the first 15 days of July 2017. This places the Yucatecan capital as the seventh city among the eight with the highest inflation in the country, according to La Revista Peninsular.

INEGI reported that Aguascalientes, Torreón, León, Tijuana, Toluca, Mérida, Cuernavaca and San Luis Potosí were the cities where the cumulative percentages of CPI ranked the highest. Aguascalientes accumulated 7.68 percent, surpassing the national average of 1.5 percent, followed by Torreón, with a percentage of 7.19, positioning it as the second most expensive city of the country, according to INEGI data.

Other averages were: Tijuana with 7.10 percent; Toluca with 7.07 percent; Durango with 6.71; Merida with 6.68; Cuernavaca with 6.68, and San Luis Potosí with 6.49. On the contrary, the cities with the lowest CPI percentages were Chetumal, 4.78; Tuxtla Gutiérrez, 5.15; Veracruz, 5.61, and Hermosillo, 5.73.

Mérida among the top 8 most expensive cities in México

The evaluation by the INEGI was carried out on 19 capital cities where the institute measures CPI growth percentages and evaluates the city’s inflation advancement. Compared to the second half of June, where the upward trend in annual core inflation was of 4.85%, in the first half of July these numbers increased to 4.92%, INEGI’s report stated.

With these results, INEGI estimates that Merida’s annual inflation will be 6.0% at the end of 2017.

SOURCE: La Revista Peninsular