Tomatoes and phone calls are cheaper.
Elimination of long-distance charges is cited as one of the reasons for a rare decline in consumer prices in the first half of this month. They fell 0.19% instead of rising 0.19% as was expected.
Inflation in the 12 months through to the middle of January was 3.08%, down from 4.08% at the end of December. The Bank of Mexico’s target for this year is 3%.
Prices traditionally rise during the first two weeks of January; this year’s decline is a historical first, according to a report by El Informador.
A drop in the price of tomatoes and lower electrical rates are other factors contributing to lower prices.
In Switzerland this week for the World Economic Forum, the head of the Federal Electricity Commission (CFE) says the latter are a direct result of energy reform, and historical. Enrique Ochoa Reza said consumers at the lower end of the consumption scale have always seen annual increases in their electricity costs of 4%.
This year they will drop by 2%, he said.
Decreases in electrical costs began during 2014, said the CFE chief, suggesting that a comparison of costs between this month and January 2014 shows a reduction of 16% in the industrial sector, 9.6% in the commercial sector and 4% for the high-consumption sector.
Bank of Mexico governor Agustín Carstens said earlier this month the probability of an interest rate increase this year was high, and would be in line with the process of the normalization of United States monetary policy.
Sources: El Economista (sp), Reuters (en), Excélsior (sp)
Inflation in the 12 months through to the middle of January was 3.08%, down from 4.08% at the end of December. The Bank of Mexico’s target for this year is 3%.
Prices traditionally rise during the first two weeks of January; this year’s decline is a historical first, according to a report by El Informador.
A drop in the price of tomatoes and lower electrical rates are other factors contributing to lower prices.
In Switzerland this week for the World Economic Forum, the head of the Federal Electricity Commission (CFE) says the latter are a direct result of energy reform, and historical. Enrique Ochoa Reza said consumers at the lower end of the consumption scale have always seen annual increases in their electricity costs of 4%.
This year they will drop by 2%, he said.
Decreases in electrical costs began during 2014, said the CFE chief, suggesting that a comparison of costs between this month and January 2014 shows a reduction of 16% in the industrial sector, 9.6% in the commercial sector and 4% for the high-consumption sector.
Bank of Mexico governor Agustín Carstens said earlier this month the probability of an interest rate increase this year was high, and would be in line with the process of the normalization of United States monetary policy.
Sources: El Economista (sp), Reuters (en), Excélsior (sp)
No comments:
Post a Comment