High inflationary levels persist in the states

Before the measures that the federal government will take to control the high inflationary levels, the 32 entities exceed the objective of the Bank of Mexico (Banxico) of 3% +/- 1 percentage point.

In fact, the smallest variation in consumer prices is greater than 6 percent.

According to data from the National Institute of Statistics and Geography (Inegi), the country’s National Consumer Price Index (INPC) grew 7.72% at an annual rate in the first half of April 2022.

This increase meant remaining 27 fortnights (13.5 months) outside the range of the central bank.

The main reason is the rise in gasoline prices, caused particularly by the rise in international fuel costs, a phenomenon that is due to the recovery in demand after the ravages caused by the Covid-19 pandemic and the Russian invasion. in Ukraine.

Campeche was the federal entity that presented the highest annual increase of the INPC, of ​​9.85%, that is, where households lost more purchasing power.

The goods that grew the most and, therefore, that had the greatest impact on the pockets of Campeche families, were onions (86.01% per year), air transport (83.76%), oranges (70.16%), tomatoes (48.35%), oils and edible vegetable fats (48.05%), serrano chili (47.28 percent).

As well as lard (44.98%), poblano pepper (41.31%), avocado (38.13%) and carpets and other floor materials (36.88 percent).

Most of these products respond to a stationary effect.

After Campeche, the states that completed the podium with the highest inflation were Michoacán (8.49% per year) and Michoacán (8.94 percent).

They were followed by Zacatecas (8.83%), Baja California (8.75%), Durango (8.71%), Hidalgo (8.65%), Morelos (8.63%), Yucatán (8.54%), Nayarit (8.53%), Chiapas (8.53%) and Nuevo Leon (8.51 percent).

While the entities with a rate lower than 8.50% and higher than 7.72% (national) were Colima (8.47%), Chihuahua (8.36%), Coahuila (8.36%), Tlaxcala (8.35%), Jalisco (8.34%), Sinaloa (8.21%), Tamaulipas (8.13%), Guanajuato (8.08%) and Veracruz (7.78 percent).

The previous data reveals that 21 entities were placed above the national inflation.

Below the variation of the INPC of the country

Meanwhile, the entities that were below the 7.72% annual variation of the National Consumer Price Index were San Luis Potosí (7.67%), Aguascalientes (7.59%), Guerrero (7.52%), Puebla (7.30%) , Sonora (7.22%), Quintana Roo (7.04%), State of Mexico (7.00 percent).

As well as Baja California Sur (6.87%), Tabasco (6.70%) and Querétaro (6.58 percent).

The lowest annual inflation corresponded to Mexico City, the largest economy in the country, with a variation of 6.45% in the first half of April of the current year.

The three products with the highest price increases in the capital were onion (90.31%), avocado (57.35%) and lard (49.39 percent).

They also highlighted poblano pepper (46.83%), lemon (43.27%), serrano pepper (38.80%), air transport (38.39%), edible vegetable oils and fats (37.62%), tomato (31.94%) and packaged tourist services ( 30.69 percent).

Impact on the northern border

If the accumulated inflation of the last two years is considered, the greatest variations were found in states on the northern border of Mexico. All entities registered double digit rates.

Baja California obtained the highest increase in the country of the INPC between the first half of April 2020 and the same period of 2022, with 16.79 percent.

It was followed by the state of Chihuahua with an accumulated inflation of 16.28 percent.

Other important increases were in Zacatecas (16.18%), Campeche (16.07%), Colima (16.00%), Chiapas (15.92%), Coahuila (15.89%), Durango (15.77%), Hidalgo (15.75%), Sinaloa (15.68 %), Michoacán (15.68%) and San Luis Potosí (15.59 percent).

In the lower part, Quintana Roo, an entity with a tourist vocation, was positioned, with an inflationary level of 11.56% in the period of analysis.

In this area, Mexico City (12.09%), Tabasco (12.28%), Querétaro (13.11%), State of Mexico (13.51%), Aguascalientes (13.76%) and Baja California Sur (13.96%) and Nuevo León (14.05) stand out. percent).

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