MEXICO: Producer Price Index Rises To 5.64% In August On Annual Basis

MEXICO: Producer Price Index Rises To 5.64% In August On Annual Basis

Mexico's Producer Price Index (PPI), which excludes oil prices, posted a 5.64% annual increase in August, slowing down from the 5.92% yearly rate recorded in July, the country's statistics office said on Friday.

On a monthly basis, Mexico's PPI rose 0.06% in August, also slowing down from 0.25% in July.

The monthly increase was a result of a 1.35% fall in the prices of Primary Activities (-1.35%), while industry rose 0.12% and services grew 0.15%.

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