Mexico, Nov 9 (EFE) .- The consumer price index (CPI) in Mexico rose by 0.63% in October compared to September, so that inflation accumulated in the last 12 months remained at 6.37%, reported today the National Institute of Statistics and Geography (Inegi).

The underlying price index, considered a better parameter to measure the general shortage due to the fact that it eliminates high volatility items in its prices, it advanced 0.25% per month and left the annual rate at 4.77%, the institution said in a statement.

Within the subgroup of underlying goods and services, goods increased by 0.22% and services by 0.28%, month against month.

Within the non-core price index, agricultural and livestock fell 1.88% compared to September, while energy and tariffs authorized by the Government advanced 4.15%.

Thus, the item of non-core assets increased 1.76% month-on-month and stood at 11.40% year-on-year.

The basic basket price index, which includes a hundred popular consumer products, increased by 1.91% in the same period. October, to be in an annual accumulated of 8.80%.

The Inegi also announced today that in October the producer price index, excluding oil, rose 0.94% compared to September, so it reached an annual rate of 5.27%.

Mexico recorded an inflation of 3.36% in 2016, above the target of 3%, while in 2015 it was 2%. the last years.