Mexico’s annual inflation rate rose marginally to 7.82% in December of 2022, from 7.80% in the prior month, but holding close to six-month lows and below market forecasts of 7.86%. Prices increased slightly faster for food & non-alcoholic beverages (12.70% vs 12.41% in November); housing & utilities (2.26% vs 1.38%) and health (6.50% vs 6.33%). Meanwhile, there was a slowdown in prices of other CPI items such as alcoholic beverages & tobacco (9.02% vs 9.27%); furnishings & household equipment (8.21% vs 8.63%); transportation (6.52% vs 7.74%); recreation & culture (4.68% vs 5.50%) and clothing & footwear (6% vs 6.74%). The annual core inflation rate eased to 8.35% from an over 22-year high of 8.51% in the prior month and roughly in line with market expectations of 8.36%. On a monthly basis, consumer prices rose by 0.38% in December, the least in seven months and under market estimates of a 0.43% increase. source: Instituto Nacional de Estadística y Geografía (INEGI)

Inflation Rate in Mexico averaged 23.11 percent from 1974 until 2022, 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. This page provides - Mexico Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.

Inflation Rate in Mexico is expected to be 6.46 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Inflation Rate is projected to trend around 4.00 percent in 2024 and 2.00 percent in 2025, according to our econometric models.

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Mexico Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-12-08 12:00 PM Nov 7.8% 8.41% 7.93% 7.49%
2023-01-09 12:00 PM Dec 7.82% 7.8% 7.86% 7.89%
2023-02-09 12:00 PM Jan 7.82% 7.89% 7.58%


Related Last Previous Unit Reference
Inflation Rate 7.82 7.80 percent Dec 2022
Inflation Rate MoM 0.38 0.58 percent Dec 2022
Consumer Price Index CPI 126.48 126.00 points Dec 2022
Core Inflation Rate 8.35 8.51 percent Dec 2022
Core Consumer Prices 125.38 124.57 points Dec 2022
GDP Deflator 155.80 159.05 points Sep 2022
Producer Prices 120.06 119.67 points Dec 2022
Mid-month Inflation Rate YoY 7.94 7.77 percent Jan 2023
Mid-month Inflation Rate MoM 0.46 0.39 percent Jan 2023
Mid-month Core Inflation Rate YoY 8.45 8.35 percent Jan 2023
Mid-month Core Inflation Rate MoM 0.44 0.57 percent Jan 2023
Producer Prices Change 5.32 5.68 percent Dec 2022
Food Inflation 12.70 12.41 percent Dec 2022
CPI Transportation 120.79 120.87 points Dec 2022
CPI Housing Utilities 116.48 116.94 points Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
7.82 7.80 179.73 2.13 1974 - 2022 percent Monthly
2018=100

News Stream
Mexico Inflation Rate Close to 6-Month Lows
Mexico’s annual inflation rate rose marginally to 7.82% in December of 2022, from 7.80% in the prior month, but holding close to six-month lows and below market forecasts of 7.86%. Prices increased slightly faster for food & non-alcoholic beverages (12.70% vs 12.41% in November); housing & utilities (2.26% vs 1.38%) and health (6.50% vs 6.33%). Meanwhile, there was a slowdown in prices of other CPI items such as alcoholic beverages & tobacco (9.02% vs 9.27%); furnishings & household equipment (8.21% vs 8.63%); transportation (6.52% vs 7.74%); recreation & culture (4.68% vs 5.50%) and clothing & footwear (6% vs 6.74%). The annual core inflation rate eased to 8.35% from an over 22-year high of 8.51% in the prior month and roughly in line with market expectations of 8.36%. On a monthly basis, consumer prices rose by 0.38% in December, the least in seven months and under market estimates of a 0.43% increase.
2023-01-09
Mexico November Inflation Rate Falls to 7.8%
Mexico’s annual inflation rate eased for the second month to 7.8% in November of 2022, from 8.41% in the prior month, below a two-decade high of 8.7% in August and September, and market estimates of 7.93%. This was the lowest reading since May largely due to the impact of pre-Christmas offers and discounts known as "Buen Fin" on some goods and services. Prices slowed down mostly for food & non-alcoholic beverages (12.41% vs 14.54% in October); furnishing & household equipment (8.63% vs 8.8%) and transportation (7.74% vs 7.86%). Meanwhile, prices accelerated for restaurants & hotels (12.42% vs 12.26%); miscellaneous goods & services (10.44% vs 10.18%), and clothing & footwear (6.74% vs 6.03%). Still, the annual core inflation rate ticked up to 8.51%, the highest since August of 2000, from 8.42% in the previous month. On a monthly basis, consumer prices were up by 0.58% in November, up slightly from a 0.57% rise in October but below market forecasts of a 0.69% increase.
2022-12-08
Mexico Inflation Remains Near 2-Decade High
Mexico’s annual inflation rate eased to 8.41% in October of 2022, from 8.70% in September but remained close to the highest level in nearly 22 years, well above the central bank’s 2%–4.0% target range. The reading came slightly below market forecasts of 8.46%. Prices slowed a bit for food & non-alcoholic beverages (14.54% vs 14.55% in September); furnishings & household equipment (8.80% vs 9.10%); recreation & culture (5.54% vs 5.73%) and housing & utilities (1.75% vs 3.60%). Meanwhile, prices continued to climb for other CPI items, such as restaurants & hotels (12.26% vs 11.49%); miscellaneous goods & services (10.18% vs 9.94%); transportation (7.86% vs 7.53%); alcoholic beverages & tobacco (9.52% vs 9.03%) and clothing & footwear (6.03% vs 5.79%). The annual core inflation rate rose to 8.42%, the highest since late 2000, quickening from 8.28% in the previous month. On a monthly basis, consumer prices were up by 0.57% in October, the least in five months and below forecasts of 0.61%.
2022-11-09