Mexico's govt. to apply new plan for inflation in 2018

(MENAFN) Mexico's statistics agency (INEGI) said that government will introduce new methodology to handle inflation in H2 of 2018 which will include measures from more cities and towns with a large range of products.

Officials said that new system will provide readings for each of the country's 32 states and based on International Monetary Fund best-practice recommendations.

The plan will be started in August next year and it will include measurements from towns of less than 15,000 people for the first time.

INEGI director of statistics Arturo Blancas stated that the new measured items will increase from 283 items and services to 299, as the number of towns covered will rise from 46 to 55.


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