The administered prices of the public sector as well as the public rates usually have an important participation in the inflation trend in the country according to an investigation by the Bank of Mexico (Banxico).
Some examples of this are electricity, gas, and gasoline.
Information from the National Institute of Statistics and Geography (Inegi) shows that while inflation reached an annual record of 6.1% as of October, the rise in electricity and fuel rates observed a variation of 5.10 percent.
Domestic LP gas registered an annual fluctuation of 27.10%, while that of natural gas already brought an advance of 16.79% also at 12 months.
Information from Inegi shows that high octane gasoline, which corresponds to the so-called Premium, completed an annual variation of 17.8% in its price to the public in October.
Meanwhile, the low-octane one, the so-called Magna, completes an annual climb of 9.84% as of October.
According to Banxico, the behavior of energy companies reflected, on the one hand, the fading of the arithmetic effect associated with the low gasoline prices that took place due to the pandemic and the economic shutdown, as well as the reduction in LP gas prices.
In the Bank’s Quarterly Report, presented last week, specialists explained that since the introduction of maximum gas price policies, energy inflation has increased.
Public rates also contribute
Meanwhile, the rates authorized by the government maintain a variation lower than that of general inflation, of 1.88% per year, but there are notable peaks in its various components.
The fees for vehicular procedures average an annual variation of 4.17%. It is followed by the rights for water supply with 4.07%; toll roads with 3.56% and the issuance of public sector documents with 3.30% per year.
Domestic LP gas registered an annual fluctuation of 27.10% in October, while natural gas already brought an advance of 16.79% also at 12 months.
ymorales@eleconomista.com.mx