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. Inflation Rate in Mexico averaged 24.48 percent from 1974 until 2019, reaching an all time high of 179.73 percent in February of 1988 and a record low of 2.13 percent in December of 2015.

Inflation Rate in Mexico is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Mexico to stand at 3.20 in 12 months time. In the long-term, the Mexico Inflation Rate is projected to trend around 3.20 percent in 2020, according to our econometric models.

Mexico Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-09 01:00 PM Inflation Rate YoY Mar 4% 3.94% 4.02% 4%
2019-05-09 01:00 PM Inflation Rate YoY Apr 4.41% 4% 4.4% 4.5%
2019-06-07 01:00 PM Inflation Rate YoY May 4.28% 4.41% 4.36% 4.2%
2019-07-09 11:00 AM Inflation Rate YoY Jun 3.95% 4.28% 3.95% 3.6%
2019-08-08 11:00 AM Inflation Rate YoY Jul 3.95%
2019-09-09 11:00 AM Inflation Rate YoY Aug
2019-10-09 11:00 AM Inflation Rate YoY Sep 3.7%



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.

Year-on-year, prices of energy eased to 2.51 percent from  6.51 percent in May. On the other hand, cost went up further for food, beverages & tobacco (5.01 percent compared to 4.88 percent); agricultural goods (6.23 percent compared to 6.08 percent), in particular livestock goods (4.89 percent compared to 3.29 percent); housing (2.84 percent compared to 2.83 percent); and other services including restaurants, telephone services, medical services and package tourist services (4.39 percent compared to 4.30 percent). Additionally, inflation was steady for education (at 4.86 percent, the same as in May).

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. Prices advanced for other services (0.57 percent compared to -0.18 percent in May) and rose at a faster pace for services (0.38 percent compared to 0.03 percent). Also, cost of energy decreased less (-1.55 percent compared to -4.25 percent).

The core index, which strips out some volatile food and energy prices increased by 0.3 percent from a month earlier (vs 0.16 percent in May) and by 3.85 percent over the prior year (vs 3.77 percent in May).


INEGI | Stefanie Moya | stefanie.moya@tradingeconomics.com
7/9/2019 11:22:15 AM


News

Mexico Annual Inflation Rate Slows to 4.28% in May
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

Mexico Inflation Rate Quickens to 4.4% in April
The annual inflation rate in Mexico increased to 4.4 percent in April 2019 from 4.0 percent in the previous month, matching market expectations. It is the highest inflation rate since January, mainly due to rising prices over Easter linked to travel and tourism. Also, food, beverages & tobacco and agricultural goods were much more expensive.
Published on 2019-05-09

Mexico March Inflation Rate Rises to 4% YoY
The annual inflation rate in Mexico rose to 4.0 percent in March 2019 from 3.94 percent in the previous month and slightly below market expectations of 4.02 percent. Prices increased further mainly due to food, beverages & tobacco and energy.
Published on 2019-04-09

Mexico Inflation Rate Falls Further to 3.94% in February
The annual inflation rate in Mexico declined to 3.94 percent in February 2019 from 4.37 percent in the prior month, matching market expectations. It is the lowest inflation rate since December 2016, mainly driven by slowing prices of energy and agricultural goods.
Published on 2019-03-07



Mexico Prices Last Previous Highest Lowest Unit
Inflation Rate 3.95 4.28 179.73 2.13 percent [+]
Inflation Rate Mom 0.06 -0.29 15.46 -0.74 percent [+]
Consumer Price Index CPI 103.30 103.23 103.53 0.01 Index Points [+]
Core Consumer Prices 103.53 103.21 103.53 0.09 Index Points [+]
Core Inflation Rate 3.77 3.87 176.90 2.30 percent [+]
GDP Deflator 131.83 128.27 131.83 15.01 Index Points [+]
Producer Prices 131.44 130.90 131.44 61.28 Index Points [+]
Export Prices 114.94 115.32 143.98 32.38 Index Points [+]
Import Prices 233.03 233.37 234.72 42.20 Index Points [+]
Producer Prices Change 3.18 4.63 9.81 0.92 percent [+]
Inflation Expectations 3.97 3.93 17.21 3.19 Percent [+]
Cpi Housing Utilities 101.40 101.79 105.10 58.21 Index Points [+]
CPI Transportation 103.87 103.76 103.95 0.06 Index Points [+]
Food Inflation 5.60 5.33 11.03 0.03 percent [+]


Mexico Inflation Rate

In Mexico, the most important categories in the CPI basket are Nonfood Goods (19.7 percent of the total weight); Housing (18.7 percent) and Other Services (18.4 percent). Food, Beverages and Tobacco account for 14.8 percent and Energy for 9.5 percent. Others include: Products subsidized by the government (5.3 percent); Education (5.1 percent); Meat and Eggs (4.8 percent) and Fruits and Vegetables (3.7 percent). The CPI index has a base of 100 as of December of 2010. The national index tracks 46 large, medium and small cities. This page provides - Mexico Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico Inflation Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.95 4.28 179.73 2.13 1974 - 2019 percent Monthly
2018=100




Country Last Previous
Argentina 55.80 Jun/19
Australia 1.30 Mar/19
Brazil 3.37 Jun/19
Canada 2.00 Jun/19
China 2.70 Jun/19
Euro Area 1.30 Jun/19
France 1.20 Jun/19
Germany 1.60 Jun/19
India 3.18 Jun/19
Indonesia 3.28 Jun/19
Italy 0.70 Jun/19
Japan 0.70 Jun/19
Mexico 3.95 Jun/19
Netherlands 2.70 Jun/19
Russia 4.70 Jun/19
Saudi Arabia -1.50 May/19
Singapore 0.90 May/19
South Africa 4.50 May/19
South Korea 0.70 Jun/19
Spain 0.40 Jun/19
Switzerland 0.60 Jun/19
Turkey 15.72 Jun/19
United Kingdom 2.00 Jun/19
United States 1.60 Jun/19


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