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. Inflation Rate in Mexico averaged 24.55 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 3.60 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 3.40 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
2019-02-07 02:00 PM Inflation Rate YoY 4.37% 4.83% 4.49% 4.7%
2019-03-07 02:00 PM Inflation Rate YoY 3.94% 4.37% 3.94% 4%
2019-04-09 01:00 PM Inflation Rate YoY 4% 3.94% 4.02% 4%
2019-05-09 01:00 PM Inflation Rate YoY 4.41% 4% 4.4% 4.5%
2019-06-07 01:00 PM Inflation Rate YoY 4.41% 4.2%
2019-07-09 01:00 PM Inflation Rate YoY 3.6%
2019-08-08 01:00 PM Inflation Rate YoY



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.

Year-on-year, inflation accelerated for other services including restaurants, telephone services, medical services and package tourist services (4.98 percent vs 3.79 percent in March) mainly attributable to increased turism over Easter; food, beverages & tobacco (4.75 percent vs 3.56 percent); agricultural goods (4.77 percent vs 3.70 percent), namely fruits & vegetables (10.19 percent vs 9.6 percent) and livestock goods (1.38 percent vs -0.21 percent); energy (8.58 percent vs 8.15 percent) and housing (2.78 percent vs 2.68 percent). At the same time, prices advanced at the same pace for education (4.84 percent).

On a monthly basis, consumer prices went up 0.05 percent, easing from a 0.39 percent rise in March and slightly below market expectations of a 0.06 percent gain. Prices fell for energy (-3.32 percent vs 1.78 percent) while they rose for food, beverages & tobacco (0.40 percent vs 0.38 percent); agricultural goods (0.63 percent vs -0.67 percent) and housing (0.31 percent vs 0.30 percent). 

The core index, which strips out some volatile food and energy prices increased by 0.46 percent month-over-month (vs 0.34 percent vs March) and by 3.87 percent over the previous year (vs 3.55 percent in March).


INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/9/2019 3:32:35 PM



Mexico Prices Last Previous Highest Lowest Unit
Inflation Rate 4.41 4.00 179.73 2.13 percent [+]
Inflation Rate Mom 0.05 0.39 15.46 -0.74 percent [+]
Consumer Price Index CPI 103.53 103.48 103.53 0.01 Index Points [+]
Core Consumer Prices 103.04 102.58 103.04 0.09 Index Points [+]
Core Inflation Rate 3.55 3.50 176.90 2.30 percent [+]
GDP Deflator 131.83 128.27 131.83 15.01 Index Points [+]
Producer Prices 130.80 130.38 130.81 61.28 Index Points [+]
Export Prices 112.66 110.61 143.98 32.38 Index Points [+]
Import Prices 234.72 234.07 234.72 42.20 Index Points [+]
Producer Prices Change 4.52 4.97 9.81 0.92 percent [+]
Inflation Expectations 3.98 4.10 17.21 3.19 Percent [+]
Cpi Housing Utilities 103.77 105.10 105.10 58.21 Index Points [+]
CPI Transportation 103.95 103.94 103.95 0.06 Index Points [+]
Food Inflation 4.41 4.56 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.41 4.00 179.73 2.13 1974 - 2019 percent Monthly
2018=100




Country Last Previous
Argentina 55.80 Apr/19
Australia 1.30 Mar/19
Brazil 4.94 Apr/19
Canada 2.00 Apr/19
China 2.50 Apr/19
Euro Area 1.70 Apr/19
France 1.30 Apr/19
Germany 2.00 Apr/19
India 2.92 Apr/19
Indonesia 2.83 Apr/19
Italy 1.10 Apr/19
Japan 0.90 Apr/19
Mexico 4.41 Apr/19
Netherlands 2.90 Apr/19
Russia 5.20 Apr/19
Saudi Arabia -1.90 Apr/19
Singapore 0.80 Apr/19
South Africa 4.40 Apr/19
South Korea 0.60 Apr/19
Spain 1.50 Apr/19
Switzerland 0.70 Apr/19
Turkey 19.50 Apr/19
United Kingdom 2.10 Apr/19
United States 2.00 Apr/19


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