Cost of food in Mexico increased 2.52 percent in December of 2019 over the same month in the previous year. Food Inflation in Mexico averaged 5.62 percent from 2003 until 2019, reaching an all time high of 11.03 percent in September of 2012 and a record low of 0.03 percent in November of 2005. source: Instituto Nacional de Estadística y Geografía (INEGI)
Food Inflation in Mexico is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Mexico to stand at 3.40 in 12 months time. In the long-term, the Mexico Food Inflation is projected to trend around 3.20 percent in 2020, according to our econometric models.