The National Producer Price Index (INPP), including oil, once again showed double-digit growth compared to the year, and an almost invisible month-on-month slowdown in April, according to data published by the National Institute of Statistics and Geography (Inegi).
In the fourth month of the year, producers in Mexico faced a growth in prices of 0.46% compared to March, while at an annual rate prices increased 10.36 percent.
The data for April represents an acceleration compared to the previous month, when producer prices accelerated to 10.17% annually.
The high levels for producers occur in a context where tensions between Russia and Ukraine continue.
It should be noted that as a result of the Russian invasion, oil prices have rebounded, along with different grains, such as wheat and corn.
“Producer prices show no signs of moderation. They went from 10.17 to 10.35% annually, while the international prices of some grains and energy remained high. Production costs for goods and services destined for final consumption went from 7.19 to 7.76% per year,” said Alejandro Saldaña, deputy director of Economic Analysis at Ve por Más (Bx+).
Agricultural sector, the one with the highest increases
By economic activity, it was observed in the Inegi report that it was the agricultural sector that showed the highest price increase during April, with an annual increase of 14.38 percent.
In the case of the industry sector, the increase that producers had to face was 12.65 percent.
Within this secondary sector, it was the mining industry that showed the highest inflation for producers, with an annual rate of 37.31%, followed by construction with 16.34 percent.
In the tertiary sector, where services are included and which continues to recover after being strongly affected by the pandemic, it showed an annual price increase of 5.25%.
Within this activity of the economy, the greatest increase in prices occurred in temporary accommodation and beverage preparation services, with an annual rate of 10.57%, in a month in which demand increased due to the Easter holiday period. .
hartford car insurance shop car insurance best car insurance quotes best online car insurance get auto insurance quotes auto insurance quotes most affordable car insurance car insurance providers car insurance best deals best insurance quotes get car insurance online best comprehensive car insurance best cheap auto insurance auto policy switching car insurance car insurance quotes auto insurance best affordable car insurance online auto insurance quotes az auto insurance commercial auto insurance instant car insurance buy car insurance online best auto insurance companies best car insurance policy best auto insurance vehicle insurance quotes aaa insurance quote auto and home insurance quotes car insurance search best and cheapest car insurance best price car insurance best vehicle insurance aaa car insurance quote find cheap car insurance new car insurance quote auto insurance companies get car insurance quotes best cheap car insurance car insurance policy online new car insurance policy get car insurance car insurance company best cheap insurance car insurance online quote car insurance finder comprehensive insurance quote car insurance quotes near me get insurance