Low income Mexican households were the most affected by inflation. According to the source, the annual inflation rate of the representative consumer basket of households with low income experienced the largest increase in February 2024: 5.85 percent compared to the same month of the previous year. By contrast, the market basket of high income households (those that earn, on average, a monthly income of 66,899 Mexican pesos) registered an inflation rate of 4.77 percent.
Impact of inflation on the consumer basket in Mexico in February 2024, by household's income group
(compared to the same month of the previous year)
Taking 2020 as reference, the average household monthly income for the different groups (which correspond to the income deciles 1, 5 and 10) are: Low income: 4,470 Mexican pesos. Medium income: 14,447 Mexican pesos. High income: 66,899 Mexican pesos.
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IMCO. (September 9, 2024). Impact of inflation on the consumer basket in Mexico in February 2024, by household's income group (compared to the same month of the previous year) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1336400/impact-inflation-on-consumer-basket-by-income-level-mexico/
IMCO. "Impact of inflation on the consumer basket in Mexico in February 2024, by household's income group (compared to the same month of the previous year)." Chart. September 9, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1336400/impact-inflation-on-consumer-basket-by-income-level-mexico/
IMCO. (2024). Impact of inflation on the consumer basket in Mexico in February 2024, by household's income group (compared to the same month of the previous year). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1336400/impact-inflation-on-consumer-basket-by-income-level-mexico/
IMCO. "Impact of Inflation on The Consumer Basket in Mexico in February 2024, by Household's Income Group (Compared to The Same Month of The Previous Year)." Statista, Statista Inc., 9 Sep 2024, https://www.statista.com/statistics/1336400/impact-inflation-on-consumer-basket-by-income-level-mexico/
IMCO, Impact of inflation on the consumer basket in Mexico in February 2024, by household's income group (compared to the same month of the previous year) Statista, https://www.statista.com/statistics/1336400/impact-inflation-on-consumer-basket-by-income-level-mexico/ (last visited December 21, 2024)
Impact of inflation on the consumer basket in Mexico in February 2024, by household's income group (compared to the same month of the previous year) [Graph], IMCO, September 9, 2024. [Online]. Available: https://www.statista.com/statistics/1336400/impact-inflation-on-consumer-basket-by-income-level-mexico/
