Yucatan the sixth state with the highest inflation rate in Mexico

Prices and services rose 3.86 percent on average during the first half of August in the state of Yucatan, according to data from the National Institute of Statistic and Geography (Inegi). 

Yucatan was ranked among the 10 most expensive states in the country by reporting an inflation of 3.86 percent, well above the national average of 3.29 percent during the first half of August.

The most expensive products registered during that period are soft drinks, liquors, food, footwear, clothing and taxi transportation, according to information from Inegi.

The figures show that in the first two states on the list, that have been impacted by the inflationary effect are Oaxaca, with 4.80 percent (one of the states in the country with a highest index of poverty), and Querétaro,  with 4.64 percent (paradoxically, one of the states with the highest national economic growth.

Inegi pointed out that this is the first time that annual inflation is being measured by states, since last year the so-called “canasta básica” (basic goods and services) was updated and expanded, and the base year of the National Consumer Price Index was modified on July 15, 2018, date on which the measurement began.

In third place of the Mexican states with the greatest inflationary effect is Quintana Roo, whose main economic activity is tourism, which reported 4.31 percent.

These three states are followed by:

  • Baja California Sur, with an annual increase of 3.99 percent
  • Campeche, annual increase of 3.94 percent
  • Yucatan, with an annual increase of 3.86 percent
  • Durango, annual increase of 3.83 percent
  • Tabasco, annual increase of 3.75 percent
  • Jalisco, annual increase of 3.66 percent
  • Puebla, annual increase of 3.63 percent

Inegi reported that those with the highest annual price increases were transportation, with an annual increase of 7.06 percent, twice the national average of 3.49 percent; food and beverages, with 6.74 percent; as well as other services (except education and recreation), with 5.68 percent.

Other branches that reported a significant increase were clothing, footwear and accessories, with an annual increase of 5.29 percent, more than double the national average that was 2.56 percent, as well as other services, with 5.19 percent.

Inegi also reported that the states with the lowest annual inflation rates were: Baja California, with an increase of only 2.13 percent, Tamaulipas with 2.41 percent and the State of Mexico with an annual inflation of 2.47 percent.

As well as the states of Tlaxcala with 2.54 percent, Guanajuato 2.64 percent, Chihuahua with 2.66 percent and Hidalgo with 2.74 percent.

The Yucatan Times Newsroom with information from Inegi



Comments

comments