Inflation gave pockets a break in December

Banamex estimated that inflation would end the month at 4.26%.

Compared to November, inflation increased 0.38%.

Core inflation, considered a better parameter to measure price behavior, registered 3.65% in December, in line with Banamex’s estimate. At a monthly rate it had an increase of 0.51%.

The non-core index slowed to 5.95% annually, after registering 7.6% in November.

In the monthly comparison, non-core inflation fell 0.04%.

Within the underlying index, the greatest increases were recorded in the food, beverage and tobacco component (6.25%), education (5.79%) and other services (5.77%). While in underlying inflation, agricultural (6.57%), livestock (6.25%) and fruits and vegetables (6.05%) were the ones that had the greatest increases.

“We estimate that general inflation will follow a gradual downward trend, and we maintain our estimates for general and underlying inflation at the end of 2025 at 3.8% and 3.7%, respectively,” Banamex said in a report.

“By 2026 we project that both would rebound slightly to 4.0%,” he added.

Those who rose the most

The products that became most expensive were:

• Air transportation: 26.27%
• Grape: 20.27%
• Tourist services in package: 8.32%
• Chicken: 2.29%
• Domestic LP gas: 1.90%

The most fell

The products whose prices registered the greatest falls were:

• Papaya: 25.8%
• Serrano chili: 13.99%
• Green tomato: 13.93%
• Carrot: 10.17%
• Onion: 6.86%