Violence in Guanajuato and Guerrero, growing inflation, INE given green light to plan popular election of judicial branch...this is day 23 of Sheinbaum's presidency.
Rate of inflation = (current CPI - end-of-year CPI)/ end-of-year CPI
CPI = consumer price index
Example: The CPI for Sept. was 315.
The CPI at the end of 2023 was 306.
315 - 306 = 9
9/306 = 2.94% annual inflation.
Inflation of 3% doesn't mean prices have risen 3% in one month, but that prices have risen 3% since the end of December.
Rate of inflation = (current CPI - end-of-year CPI)/ end-of-year CPI
CPI = consumer price index
Example: The CPI for Sept. was 315.
The CPI at the end of 2023 was 306.
315 - 306 = 9
9/306 = 2.94% annual inflation.
Inflation of 3% doesn't mean prices have risen 3% in one month, but that prices have risen 3% since the end of December.