Mexico's annual core inflation rate, which strips out some volatile food and energy prices fell to 3.59 percent in December 2019 from 3.65 percent in the previous month, reaching its lowest since March. On a monthly basis, core consumer prices went up 0.41 percent, after increasing 0.22 percent in November and matching market estimates. Core Inflation Rate in Mexico averaged 23.61 percent from 1983 until 2019, reaching an all time high of 176.90 percent in February of 1988 and a record low of 2.30 percent in August of 2015. source: Instituto Nacional de Estadística y Geografía (INEGI)
Core Inflation Rate in Mexico is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Mexico to stand at 3.40 in 12 months time. In the long-term, the Mexico Core Inflation Rate is projected to trend around 3.20 percent in 2020, according to our econometric models.