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Mexico December Inflation Rate at 7-Month Low of 3.2%
The annual inflation rate in Mexico fell to 3.15 percent in December of 2020 from 3.33 percent in the previous month and broadly in line with market expectations. It was the lowest inflation rate since May, amid a slowdown in prices of food & non-alcoholic beverages (5.80 percent vs 7.07 percent in November) and restaurants & hotels (3.64 percent vs 3.85 percent). At the same time, inflation remained almost unchanged for housing & utilities (3.15 percent vs 3.14 percent). In addition, costs continue to decrease for transport (-2.18 percent vs -2.17 percent) and communication (-0.19 percent vs -0.39 percent). On a monthly basis, consumer prices inched up 0.38 percent, after increasing 0.08 percent in the previous month and also broadly in line with market consensus. The core index, which strips out some volatile food and energy prices rose 0.55 percent, following a 0.08 percent drop in November.
Published on 2021-01-07

Mexico November Inflation Rate Below Estimates
The annual inflation rate in Mexico fell to 3.33 percent in November of 2020 from 4.09 percent in the prior month and below market expectations of 3.42 percent. It was the lowest inflation rate since June, amid a slowdown in prices of food & non-alcoholic beverages (7.07% vs 8.09% in October); housing & utilities (3.14% vs 3.29%); furnishings (4.43% vs 5.56%); recreation & culture (1.48% vs 2.11%) and miscellaneous goods & services (3.59% vs 3.85%). In addition, costs continued to decrease for transport (-2.17% vs -0.16%); clothing & footwear (-1.38% vs 0.63%) and communications (-0.39% vs -0.51%). On a monthly basis, consumer prices were up 0.08 percent, decelerating sharply from a 0.61 percent increase in the previous month. The core index, which strips out some volatile food and energy prices dropped 0.08 percent, following a 0.24 percent increase in October and compared with market expectations of a 0.05 percent fall.
Published on 2020-12-09

Mexico Inflation Rate Rises to Near 1-1/2-Year High
The annual inflation rate in Mexico rose to 4.09 percent in October 2020 from 4.01 percent in the previous month and slightly above market expectations of 4.07 percent. It was the highest inflation rate since May last year, as prices increase further for food & non-alcoholic beverages (8.09% vs 7.55% in September); and furnishings (5.56% vs 5.14%). Also, cost of communication fell less (-0.51% vs -0.65%). In contrast, prices slowed for housing & utilities (3.29% vs 3.36%); miscellaneous goods & services (3.85% vs 4.04%); restaurants & hotels (3.94% vs 4.12%); recreation & culture (2.11% vs 2.34%) and health (4.65% vs 4.75%). Additionally, cost of transport dropped (-0.16% vs 0.06%) while inflation was steady for clothing & footwear (at 0.63%). On a monthly basis, consumer prices went up 0.61 percent, after a 0.23 percent gain in the prior month. The core index, which strips out some volatile food and energy prices advanced 0.24 percent, easing from a 0.32 percent increase in September.
Published on 2020-11-09

Mexico Inflation Rate Unexpectedly Slows
The annual inflation rate in Mexico fell slightly to 4.01 percent in September 2020 from 4.05 percent in the previous month and compared with market expectations of 4.07 percent. Prices slowed for housing & utilities (3.36% vs 3.53%); miscellaneous goods & services (4.04% vs 4.15% in August); transport (0.06% vs 0.25%); restaurants & hotels (4.12% vs 4.2%); and recreation & culture (2.34% vs 2.19%). Meanwhile, cost rose further for food & non-alcoholic beverages (7.55% vs 7.45%); furnishings (5.14% vs 4.86%); health (4.75% vs 4.52%); and clothing & footwear (0.63% vs 0.29%). Additionally, cost of communication dropped at a softer pace (-0.65% vs -1.56%). On a monthly basis, consumer prices went up 0.23 percent, easing from a 0.39 percent gain in the prior month and below forecasts of a 0.29 percent increase. The core index, which strips out some volatile food and energy prices advanced 0.32 percent, the same as in August.
Published on 2020-10-08

Mexico Inflation Rate Rises to Over 1-Year High in August
The annual inflation rate in Mexico increased to 4.05 percent in August 2020 from 3.62 percent in the previous month and compared with market expectations of 4.02 percent. It was the highest inflation rate since May last year, as prices rose further for food & non-alcoholic beverages (7.45% vs 6.21% in July); housing & utilities (3.53% vs 3.23%); miscellaneous goods & services (4.15% vs 3.9%); furnishings (4.86% vs 4.55%); restaurants & hotels (4.2% vs 4.13%); and recreation & culture (2.19% vs 1.34%). Also, cost of transport rebounded (0.25% vs -0.18%) while price of communication fell less (-1.56% vs -1.81%). In contrast, prices slowed for health (4.52% vs 4.79%); and clothing & footwear (0.29% vs 0.44%). On a monthly basis, consumer prices advanced 0.39 percent, easing from a 0.66 percent gain in the prior month and matching forecasts. The core index, which strips out some volatile food and energy prices went up 0.32 percent, after rising 0.4 percent in July.
Published on 2020-09-09

Mexico Inflation Rate Edges Up to 5-Month High
The annual inflation rate in Mexico rose to 3.62 percent in July 2020 from 3.33 percent in the previous month and compared with market forecasts of 3.61 percent. Prices increased further for housing & utilities (3.23% vs 2.74% in June); miscellaneous goods & services (3.9% vs 3.5%); furnishings (4.55% vs 3.82%); and health (4.79% vs 4.63%). Additionally, prices of clothing & footwear rebounded (0.44% vs -0.7%); while cost of transport fell less (-0.18% vs -2.16%). On the other hand, prices slowed for food & non-alcoholic beverages (6.21% vs 6.87%); restaurants & hotels (4.13% vs 4.14%); and recreation & culture (1.34% vs 1.82%). Also, cost of communication declined at a faster pace (-1.81% vs -1.72%). On a monthly basis, consumer prices went up 0.66 percent, following a 0.55 percent gain in the prior month. The core index, which strips out some volatile food and energy prices advanced 0.4 percent, after increasing 0.37 percent in June.
Published on 2020-08-07

Mexico Inflation Rate Rises to 4-Month High in June
The annual inflation rate in Mexico increased to 3.33 percent in June 2020 from 2.84 percent in May and above market expectations of 3.2 percent. Prices rose further for housing & utilities (2.74% vs 1.91% in May); miscellaneous goods & services (3.5% vs 3.23%); furnishings (3.82% vs 2.76%); restaurants & hotels (4.14% vs 4.09%); and recreation & culture (1.82% vs 1.62%). Also, cost fell less for transport (-2.16% vs -5.38%); clothing & footwear (-0.7% vs -1.61%); and communication (-1.72% vs -1.78%). Meanwhile, cost of food & non-alcoholic beverages slowed (6.87% vs 7.6%). On a monthly basis, consumer prices went up 0.55 percent, following a 0.38 percent gain in the prior month and compared with forecasts of a 0.42 percent increase. The core index, which strips out some volatile food and energy prices rose 0.37 percent, after a 0.3 percent gain in May.
Published on 2020-07-09

Mexico Inflation Rate Rises to 2.84% in May
The annual inflation rate in Mexico rose to 2.84 percent in May 2020 from an over four-year low of 2.15 percent in the previous month, but below market expectations of 2.97 percent. Prices advanced further for food & non-alcoholic beverages (7.6% vs 6.71% in April); housing & utilities (1.91% vs 1.78%); furnishings (2.76% vs 2.3%); and recreation & culture (1.62% vs 0.53%). Additionally, cost of transport fell at a softer pace (-5.38% vs -8.61%). In contrast, prices eased for miscellaneous goods & services (3.23% vs 3.67%); and restaurants & hotels (4.09% vs 4.20%). Also, cost of clothing & footwear dropped (-1.61% vs 1.03%); communication prices declined at a faster pace (-1.78% vs -1.59%). On a monthly basis, consumer prices went up 0.38 percent, rebounding from a 1.01 percent drop in the prior month. The core index, which strips out some volatile food and energy prices rose 0.3 percent, after a 0.36 percent gain in April.
Published on 2020-06-09

Mexico Inflation Rate Falls to Over 4-Year Low in April
The annual inflation rate in Mexico dropped to 2.15 percent in April 2020 from 3.25 percent in the previous month and compared with market expectations of 2.13 percent. It was the lowest inflation rate since December 2015, as cost fell further for transport (-8.61% vs -1.62% in March) amid a slump in oil prices, and communications (-1.59% vs -1.50%). In addition, prices slowed for food & non-alcoholic beverages (6.71% vs 6.81%); clothing & footwear (1.03% vs 2.23%); furnishings (2.30% vs 2.43%); miscellaneous goods & services (3.67% vs 3.97%); recreation & culture (0.53% vs 1.63%); and restaurants & hotels (4.20% vs 4.85%). Meanwhile, cost of housing & utilities rose at a faster pace (1.78% vs 1.60%). On a monthly basis, consumer prices went down 1.01 percent, the most since at least 1969, after falling 0.05 percent in March. The core index, which strips out some volatile food and energy prices increased 0.36 percent, after a 0.29 percent gain in the prior month.
Published on 2020-05-07

Mexico Inflation Rate Eases to 3.25% in March
The annual inflation rate in Mexico fell to 3.25 percent in March 2020 from 3.7 percent in the previous month and below market expectations of 3.47 percent. Prices slowed for housing & utilities (1.60 percent vs 1.69 percent in February); furnishings (2.43 percent vs 2.57 percent); and miscellaneous goods & services (3.97 percent vs 4.11 percent). Also, cost of transport dropped 1.62 percent, after rising 2.83 percent in February. On the other hand, food & non-alcoholic beverages prices advanced at a faster pace (6.81 percent vs 5.92 percent). On a monthly basis, consumer prices went down 0.05 percent, after a 0.42 percent gain in February. The core index, which strips out some volatile food and energy prices increased 0.29 percent, easing from a 0.36 percent rise in the previous month.
Published on 2020-04-07

Mexico Inflation Rate Rises to 7-Month High in February
The annual inflation rate in Mexico increased to 3.70 percent in February 2020 from 3.24 percent in the previous month and above market expectations of 3.56 percent. It was the highest inflation rate since July last year, boosted by cost of agricultural goods (7.82 percent from 1.44 percent in January). In contrast, prices slowed for food, beverages & tobacco increased further (4.99 percent from 5.1 percent); and services (3.48 percent from 3.51 percent), of which education (4.55 percent from 4.69 percent) while housing (2.94 percent from 2.93 percent). Additionally, cost of energy dropped 0.54 percent, after rising 0.86 percent in January. On a monthly basis, consumer prices went up 0.42 percent, easing from a 0.48 percent gain in the prior month. The core index, which strips out some volatile food and energy prices advanced 0.36 percent, after a 0.33 percent increase in January.
Published on 2020-03-09

Mexico Inflation Rate at 6-Month High in January
Mexico’s annual inflation rate rose to 3.24 percent in January 2020 from an over three-year low of 2.83 percent in December and compared with market forecasts of 3.26 percent. Cost of food, beverages & tobacco increased further (5.1 percent vs 4.45 percent in December); and prices rebounded for energy (0.86 percent vs -0.54 percent) and agricultural goods (1.44 percent vs -0.03 percent). On the other hand, cost slowed for services (3.51 percent vs 3.64 percent), of which education (4.69 percent vs 4.73 percent) while housing (2.93 percent vs 2.91 percent). The core index, which strips out some volatile food and energy prices went up 0.33 percent, easing from a 0.56 percent gain in November.
Published on 2020-02-07

Mexico Inflation Rate at over 3-Year Low of 2.83%
The annual inflation rate in Mexico fell to 2.83% in December 2019 from 2.97% in November but above market expectations of 2.76%. It was the lowest inflation rate since August 2016, as prices slowed mainly for food, beverages & tobacco (4.45% vs 4.56% in November). In addition, cost fell for energy (-0.54% vs -1.80%) and agricultural goods (-0.03% vs 2.18%), owing to fruits (-5.40% vs -1.48%). Meantime, inflation was steady for education (at 4.73%) while it edged higher for housing (2.91% vs 2.88%). The core index, which strips out some volatile food and energy prices rose 0.41% month-over-month (vs 0.2% in November) and increased 3.59% year-on-year (vs 3.65% in November). On a monthly basis, consumer prices were up 0.56%, easing from 0.8% in November and slightly above market estimates of 0.5%.
Published on 2020-01-09

Mexico Inflation Rate Falls to Over 3-Year Low
The annual inflation rate in Mexico fell to 2.97 percent in November 2019 from 3.02 percent in the previous month, slightly below market expectations of 3 percent. It was the lowest inflation rate since September 2016, as cost of fruit & vegetables dropped and housing prices slowed. On a monthly basis, consumer prices went up 0.81 percent, after rising 0.54 percent in October.
Published on 2019-12-09

Mexico Inflation Rate Steady at 3-Year Low of 3%
Mexico's annual inflation rate was unchanged at 3 percent in October 2019, its lowest level since September 2016 and matching market expectations. While prices continued to fall for energy and grew less for services; cost of housing, food and agricultural goods rose more.
Published on 2019-11-07

Mexico September Inflation Rate Falls to 3-Year Low
Mexico's annual inflation rate fell to 3.0 percent in September 2019 from 3.16 percent in the previous month, matching market expectations. That was the lowest consumer inflation rate since September 2016, as cost of energy dropped further. On a monthly basis, consumer prices rose 0.26 percent, rebounding from a 0.02 percent decline in August and in line with forecasts.
Published on 2019-10-09

Mexico August Inflation Rate Falls to Nearly 3-Year Low
Mexico's annual inflation rate dropped to 3.16 percent in August 2019 from 3.78 percent in the previous month and slightly below market forecasts of 3.2 percent. It was the lowest inflation rate since October 2016, mostly due to a fall in cost of energy.
Published on 2019-09-09

Mexico Inflation Rate Drops to 2-1/2-Year Low
Mexico's annual inflation rate fell to 3.78 percent in July 2019 from 3.95 percent in the previous month, slightly below market expectations of 3.79 percent. That was the lowest rate since December 2016 mainly due to a slowdown in energy inflation.
Published on 2019-08-08

Mexico June Inflation Rate Eases to 4-Month Low
The annual inflation rate in Mexico declined to 3.95 percent in June 2019 from 4.28 percent in the previous month, matching market expectations. The slowdown was mainly driven by cost of energy due to the electricity tariff program for warm season. On a monthly basis, consumer prices increased 0.06 percent, rebounding from a 0.29 percent fall in the prior month and slightly below market forecasts of a 0.07 percent rise.
Published on 2019-07-09

Mexico May Inflation Rate Slows to 4.28%
The annual inflation rate in Mexico decreased to 4.28 percent in May 2019 from 4.41 percent in April and below market consensus of 4.36 percent. Prices eased mainly due to energy as the electricity tariff program for warm season started in eleven cities of the country.
Published on 2019-06-07