Mexico: inflation rises to 3.45% in September due to tomato and onion
WHAT HAPPENED
Mexico's annual inflation rose from 3.26% to 3.45% in September. Tomatoes increased by 30.25% and onions by 23% in one month; together they explained almost half of the monthly price increase.
WHY IT MATTERS
A basket that cost $100 a year ago now costs $103.45. The impact was concentrated in vegetables, LP gas, chicken, and tuition fees. But core inflation decreased, indicating that more persistent increases are losing strength.
AND FOR YOUR PORTFOLIO
For consumers, weekly shopping may feel more expensive, especially if it includes fresh vegetables. For long-term investments, declining core inflation gives Banxico more room not to raise rates, which influences credit and valuations.
💬 TELL IT LIKE THIS
“Inflation rose, but this time the impact mainly came from tomatoes and onions, not from widespread pressure across all prices.”