Monterey, NL. The general consumer price index in Monterrey registered an increase of 8.47% at the annual rate in April 2022; that is, its highest level of inflation since June 2001, when it stood at 8.60%, indicates the Economic Research Center of the Autonomous University of Nuevo León.
“The data for last April denotes an intensification of inflationary pressures that can be attributed to a large extent to the double-digit increase in the prices of food, beverages and tobacco (12.70%), to the annual rebound in the transport price index ( 7.70%) and the annual inflation in the concept of housing (5.30%)”, mentions the study on the economic indicators of Nuevo León.
It should be noted that there is a high and growing inflation in the line of other services (9.35%) per year.
In March of this year, the general index showed a variation of 8.22%, while in 2021 it represented a rise of 3.52 percent.
By origin of goods, the consumer price index in the secondary economic sector increased at an annual rate of 10.18% in April 2022; 9.79% in March and 8.66% in the same month of 2021.
“This result is explained in part by the strong annual increase in producer prices for intermediate-use goods and services in manufacturing industries,” he stressed.
In addition, the wide opening of services pushed up the consumer price index in the tertiary economic sector with annual variation rates of 4.08% in January; 4.78% in February; 4.69% in March and 5.04% in April of this year.
It is worth mentioning that in the graph the lowest annual variation was in March 2020, when the confinement due to the pandemic began.
Forecast
The study estimated that the Gross Domestic Product (GDP) will grow at an annual rate of 2.2% in 2022, after achieving growth of 4.8% in 2021.
In Nuevo León, said indicator will increase 2.75% in the year, after an observed rate of 6.8% in 2021.
Regarding industrial activity, a moderate advance of 2.3% is expected, after a growth of 6.5% in 2021.
“For formal employment, we assume that the number of jobs registered with the IMSS will grow at an annual rate of 5.2% at the national level, after an increase of 2.0% in the previous year,” he said.
The CIE forecasts that in Nuevo León this indicator will advance 5.9% during this year, with an estimated rate much higher than that observed in 2021 of 3.9%, emphasizes the CIE.