DOF Economic Bulletin on Inflation

05 July 2019

In June, the easing of the inflationary momentum continued as the average level of prices rose by only 0.08% month-on-month (MOM).

The general price level increased by nearly 2.7% year-on-year (YOY). This is nearly half the inflation rate registered in the same month last year and 0.5 percentage point lower than the price uptick in May.

Inflation decline can be traced to both food and non-food items. The MOM price change in non-food items was nil and that of food items, less than 0.1 percentage point.

For the rest of the year, below-4% inflation can be achieved if month-on-month price increase is at most 0.5 percentage points (see Table 3).