ICC advanced 0.6 points in December

The Consumer Confidence Indicator (ICC) it registered an advance of 0.6 points in December 2022, compared to November, to stand at 42.5 points, reported the National Institute of Statistics and Geography (Inegi). The ICC closed last year with two consecutive monthly increases.

Meanwhile, the monthly variation of 0.6 points was the second largest of all of 2022, only behind the 0.7 points registered in November.

However, the ICC had a contraction of 1.7 points, in seasonally adjusted terms, compared to the last month of 2021. This meant the seventh consecutive annual drop in 2022.

Despite the annual contraction in December, the fall was tempered given that in November last year there was a decrease of 4.2 percent.

The indicator that measures the expected economic situation of household members within 12 months, compared to the current one, registered 55.3 points in December. This represented an advance of 0.8 points compared to the previous month, but a drop of 1.7 points compared to December 2021.

At the same time, the indicator that measures the current economic situation of household members compared to what they had a year ago registered 47.7 points, which meant a monthly increase of 0.6 points. However, it fell 0.8 points in annual comparison.

Price behavior indicator falls

Within the complementary indicators, he highlighted the sentiment of consumers regarding the price behavior in the next 12 months, it registered 15.6 points in the last month of 2022.

The aforementioned indicator was the only one of the 10 with a monthly drop, registering 0.6 points and therefore broke a three-month upward trend. While compared to December 2021, the indicator showed a contraction of 0.7 points.

It should be remembered that the inflation last November it was located at 7.80% annual. This is the first time that inflation has been below 8.00% since last June; however, it continues to be above the Banco de México (Banxico) target of 3% +/-1 percentage point.

For its part, the indicator that measures the personal financial situation At this time, compared to 12 months ago, it stood at 47 points, which meant a monthly increase of 1.1 points and had three months of increases. In annual comparison, it had an increase of 0.5 points.