In the midst of the slowdown in the prices of raw materials, producer prices deepened their slowdown in April, according to information released by the National Institute of Statistics and Geography (Inegi).
In the fourth month of the year, the National Producer Price Index (INPP), including oil, presented an increase of 0.20% compared to the previous month.
In annual comparison, producer prices increased by 1.41%, which represented a significant deceleration from the data of 1.81% in March, and spun a total of 12 months decelerating.
“They slowed down from 1.81 to 1.41% y/y, their lowest variation since February 2020, given the lower price of raw materials, the reduction in logistics costs and the appreciation of the peso against the dollar,” explained Alejandro Saldaña, deputy director of Analysis Economic of Go for More (Bx+).
The Intermediate Use Goods and Services Index, including oil, grew 0.65% in a monthly comparison, while at an annual rate it showed a decrease of 1.17 percent.
Meanwhile, the Final Goods and Services Index, including oil, increased only 0.03% in the fourth month of the year, with which the annual rate increase was 2.46 percent.
Reduction of prices in the industrial sector
Within the report it was observed that the slowdown was explained, to a greater extent, by a reduction in the prices of the secondary sector, that is, of the industries.
According to the Inegi report, there was a price reduction in this activity of 0.74% per year. The decrease was due to a price contraction of 27.53% in the mining industry, while the generation, transmission and distribution of energy, water and gas supply became more expensive by 4.51 percent.
Meanwhile, the primary sector had inflation of 7.27% in April, while producers engaged in tertiary activities faced a price rise of 4.79 percent.
In the tertiary sector, information services in the mass media showed a price reduction of 1.29% compared to April last year.
In contrast, temporary accommodation and food and beverage preparation services became more expensive by 10.17%, in the middle of the Easter holiday period.
