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.