In 2018 Mexico will introduce new inflation methodology

In 2018 Mexico will introduce new inflation methodology

Mexico is on the verge of introducing a new inflation methodology during the second half of next year. It will include a bunch of measures from more cities as well as small towns, not to mention a greater range of products, as the national statistics agency informed on Wednesday.

The fresh system will offer outcomes for each of the country's 32 states. It’s built around international Monetary Fund best-practice tips, as officials told.

The measure will kick in next August. Moreover, it’s going to include measurements from the country’s towns of less than 15,000 folks for the first time. It will estimate price changes over a wide basket of goods. That’s what INEGI director of statistics Arturo Blancas said.

The fresh basket of measured items is about to leap from 283 items as well as services to 299. At the same time the overall number of municipalities covered will inch up to 55 from 46.  

By the way, some of the new services and products include soy milk, pet grooming and carpeting.

 

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