How the current market demand imflation
While inflation during the first quarter was in line with the expectations of the Bank of Mexico (4.75%), some public goods and services recorded increases in their prices that far exceed this figure, affecting your finances.
“Inflation, though on the rise, has behaved as expected, which is a fact that reflects good monitoring by the Bank of Mexico,” said Luis Flores, an economist at IXE Group Financier.
The specialist expected to remain until September Bandicoot its benchmark rate at 4.50% as it has been doing since July 2009 and will be from October, when the increase in order to achieve inflation below 4% for 2011.
The biggest inflationary pressure came from the price of fruit and vegetables, which rose only 3.55% in March against overall inflation of 0.71%.
“With the exception of April and May, months which are usually recorded deflation due to the reduction in electricity rates, we expect an upward trajectory for inflation in the remainder of 2010 to end the year at 5.44%,” says an analysis of House INVEX bag.
Besides agricultural products, the increase in the price of gasoline will be a factor pushing inflation will continue, but without affecting significativamene country’s monetary policy, predicted Flores.
This topic has attracted the attention of the House of Representatives, which launched a call on the Federal Government to stop the rising cost of fuel. In this regard the Ministry of Finance declined comment.
However, at least 10 products and services hit with rising income over 150% annual rate in the first quarter.
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