Campeche has been identified as the fifth state with the highest inflation in Mexico at the end of October 2024, driven by rising prices of agricultural and energy products. According to the latest report from the National Institute of Statistics and Geography (INEGI), Campeche experienced a monthly inflation increase of 1.38%, which is above the national average.
Factors Driving Inflation
The main contributors to inflation in Campeche are the prices of agricultural and energy products. The products with the most significant price increases include:
– Electricity: 18.07%
– Tomato: 15.62%
– Green Tomato: 23.06%
– Papaya: 26.85%
– Nopales: 34.67%
Conversely, the products with the least price variation were:
– Lemon: -22.07%
– Bananas: -12.16%
– Orange: -14.62%
– Domestic LP Gas: -2.50%
Comparison with the National Average
Nationally, the annual general inflation rate was 4.76% in October 2024, with a monthly increase of 0.55%. Campeche’s monthly increase of 1.38% places it among the states with the highest monthly inflation rates. Other states with high monthly inflation rates include:
– Tabasco: 2.24%
– Quintana Roo: 1.56%
– Yucatán: 1.40%
– Nuevo León: 1.39%
Impact on the Local Economy
The rise in inflation in Campeche directly affects consumers, reducing their purchasing power. Increases in the cost of food and energy impact not only households but also small businesses that rely on these inputs to operate. This situation is particularly concerning for low-income families, who allocate a larger portion of their budget to essential goods.
Measures and Outlook
Local and national authorities are closely monitoring the inflationary situation. The Bank of Mexico has maintained a restrictive monetary policy to control inflation, although the results have been mixed. On November 14, the bank is expected to make new monetary policy decisions to mitigate inflationary pressures.
In summary, Campeche faces a significant challenge with inflation, impacting both consumers and businesses.
Source: Por Esto
