Analysts were anticipating inflation of 7.11%, according to a Reuters poll.
Core inflation, considered a better parameter to measure the trajectory of prices because it eliminates high volatility products, registered a variation of 6.11%, its highest record since October 2001 and above the 6.00% of the previous fortnight.
In the first 15 days of January, prices increased by 0.39%, while the core index posted a rate of 0.34%.
The increase in the National Consumer Price Index (INPC) was driven by price increases in lemons and low-octane gasoline, among others.
There are still reasons for Banxico to raise the interest rate
“We think that Banco de México will continue to raise the rate in February because the decrease is due to falls in non-core inflation, while core inflation continues to rise,” said Ramón de la Rosa, an analyst at Actinver. “What can happen is that the pressure will be removed for increases of 50 basis points.”
The central bank, which has a permanent inflation target of 3% +/- one percentage point, raised its key rate by 50 basis points in December, its fifth hike in a row, citing a deterioration in forecasts for the price index. . Its first monetary policy notice of the year is scheduled for February 10.
With information from Reuters.
