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Costs rising in Mérida slightly more than national average

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Everyday prices are up again, but experts say inflation is leveling off in Mexico. Photo: Pinterest

Mérida, Yucatán — Mexico’s inflation rate fell the first half of July, but price pressures are felt differently from city to city.

Consumer prices in Mexico rose 6.28 percent, and in the Yucatecan capital, the pain was felt slightly more, where prices were up 6.68 percent.

That makes Mérida the eighth most expensive capital in the country, according to the national statistics institute.

The institution reported that Aguascalientes, Torreón, León, Tijuana, Toluca, Mérida, Cuernavaca and San Luis Potosí were the cities where consumer prices rose the most.

Consumer prices rose most in Aguascalientes, at 7.68 percent.

Other cities that recorded above-average prices increases are Tijuana, 7.10 percent; Toluca, 7.07 percent; Durango, 6.71, Cuernavaca, 6.68; and San Luis Potosí, 6.49 percent.

In turn, the cities with the lowest percentages in the National Consumer Price Index were Chetumal, 4.78; Tuxtla Gutiérrez, 5.15; Veracruz, 5.61; and Hermosillo, 5.73 percent.

The study was carried out on 19 capital cities.

The central bank maintains the view that price pressures in Latin America’s second biggest economy may be peaking.

“We see early signs that inflation is peaking,” said Alberto Ramos, chief Latin America economist at Goldman Sachs Group Inc., in Bloomberg News. “The noise around trade and the bilateral relationship with the U.S. has died down significantly.”

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