Particle.news
Download on the App Store
12 ARTICLES
·
4d ago

Mexican Inflation Slumps to Multi-Year Lows as Argentine Food Prices Jump

Deflation in fruit and vegetable prices coupled with lower energy costs has kept Mexico’s inflation within Banxico’s target range.

Image
Los alimentos registraron una suba de precios de 4,5% durante julio
Image
La suba del dólar en julio y el incremento de las tasas de interés han puesto en jaque el delicado equilibrio del programa económico argentino.

Overview

  • Mexico’s annual inflation slowed to 3.51% in July, its lowest since December 2020, driven by a 12.1% year-on-year drop in fruit and vegetable prices.
  • Mexico’s producer price index decelerated to a 3.77% annual increase in July, the weakest since May 2024 following a 0.48% monthly decline.
  • Buenos Aires recorded a 2.5% CPI increase in July, up from 2.1% in June, led by higher costs in restaurants, transportation and recreational services.
  • Produce prices in Buenos Aires’ Mercado Central rose 4.5% month-on-month in July due to domestic supply constraints and imports of Chilean tomatoes at more than a 115% premium.
  • Early-August surveys show Argentine food and beverage prices jumping 2% weekly, marking the largest weekly gain since March after July’s peso depreciation.