The National Consumer Price Index (INPC) rose by 0.42 percent in the first half of August compared to the previous two weeks, and by 5.58 percent compared to the same period of 2021, according to Inegi's latest report.
The price of onions jumped 37.66 percent in the first half of August compared to the previous two weeks, while the price of corn tortillas rose by 1.56 percent in the same period.
In a report released separately, the director of economic-financial analysis at Banco Base, Gabriela Siller, said that in the wake of Inegi's results, "it is evident that inflationary pressures continue and that in Mexico inflation has not reached a peak."
In the report to clients, Siller warned of risks due to high energy prices globally and forecast that inflation in Mexico will rise to around 8.7 percent annually by the end of the year.
Mexico closed 2021 with annual inflation of 7.36 percent, the highest level in more than two decades, due to the impact of COVID-19.
Latest comments