INEGI, the National Institute of Statistics and Geography made the National Consumer Price Index (NCPI) excluding oil for January 2017 in Mexico known, and it showed just over 2 percent growth in the month. The yearly rate is up almost 10 percent.

The NCPI is notably affected and influences the logistics sector, such that a breakdown of each sector is included below. Transport activities are reliant on fuel prices, which spiked in Mexico at the beginning of the year. It’s surprising then, that transport, storage and mail dropped 0.63 percent in January compared to December 2016’s data. This still means the annual NCPI increased close on 4 percent compared to the previous 12 months.

Air freight and courier services saw the greatest annual NCPI rise, bad news for tourists, whereas warehousing and general cargo maintained the lowest peaks, the automotive transport industry seeing a not even 3 percent higher NCPI for the year.

 

Air freight

Monthly: 3.43 percent

Annual: 14.62 percent

 

Courier and parcel services

Monthly: 6.26 percent

Annual: 11.82 percent

 

Rail freight

Monthly: 0.0 percent

Annual: 6.70 percent

 

Customs agencies and other intermediary cargo services 

Monthly: 0.77 percent

Annual: 6.33 percent

 

Road cargo haulage

Monthly: 0.98 percent

Annual: 3.20 percent

 

Warehousing

Monthly: 2.12 percent

Annual: 2.80 percent

 

Data sources: T21

 

 

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