The annual inflation rate in Mexico fell to 2.83% in December 2019 from 2.97% in November but above market expectations of 2.76%. It was the lowest inflation rate since August 2016, as prices slowed mainly for food, beverages & tobacco (4.45% vs 4.56% in November). In addition, cost fell for energy (-0.54% vs -1.80%) and agricultural goods (-0.03% vs 2.18%), owing to fruits (-5.40% vs -1.48%). Meantime, inflation was steady for education (at 4.73%) while it edged higher for housing (2.91% vs 2.88%). The core index, which strips out some volatile food and energy prices rose 0.41% month-over-month (vs 0.2% in November) and increased 3.59% year-on-year (vs 3.65% in November). On a monthly basis, consumer prices were up 0.56%, easing from 0.8% in November and slightly above market estimates of 0.5%. Inflation Rate in Mexico averaged 24.25 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. source: Instituto Nacional de Estadística y Geografía (INEGI)

Inflation Rate in Mexico is expected to be 3.30 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 3.50 in 12 months time. In the long-term, the Mexico Inflation Rate is projected to trend around 3.40 percent in 2020, according to our econometric models.

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Mexico Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.83 2.97 179.73 2.13 1974 - 2019 percent Monthly
2018=100



Calendar GMT Actual Previous Consensus TEForecast
2019-10-09 11:00 AM Sep 3% 3.16% 3% 3.1%
2019-11-07 12:00 PM Oct 3.02% 3% 3% 3.1%
2019-12-09 12:00 PM Nov 2.97% 3.02% 3% 3%
2020-01-09 12:00 PM Dec 2.83% 2.97% 2.76% 2.9%
2020-02-07 12:00 PM Jan 2.83% 3.2%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2019-12-09
Mexico Inflation Rate Falls to Over 3-Year Low
The annual inflation rate in Mexico fell to 2.97 percent in November 2019 from 3.02 percent in the previous month, slightly below market expectations of 3 percent. It was the lowest inflation rate since September 2016, as cost of fruit & vegetables dropped and housing prices slowed. On a monthly basis, consumer prices went up 0.81 percent, after rising 0.54 percent in October.

2019-11-07
Mexico Inflation Rate Steady at 3-Year Low of 3%
Mexico's annual inflation rate was unchanged at 3 percent in October 2019, its lowest level since September 2016 and matching market expectations. While prices continued to fall for energy and grew less for services; cost of housing, food and agricultural goods rose more.

2019-10-09
Mexico September Inflation Rate Falls to 3-Year Low
Mexico's annual inflation rate fell to 3.0 percent in September 2019 from 3.16 percent in the previous month, matching market expectations. That was the lowest consumer inflation rate since September 2016, as cost of energy dropped further. On a monthly basis, consumer prices rose 0.26 percent, rebounding from a 0.02 percent decline in August and in line with forecasts.

2019-09-09
Mexico August Inflation Rate Falls to Nearly 3-Year Low
Mexico's annual inflation rate dropped to 3.16 percent in August 2019 from 3.78 percent in the previous month and slightly below market forecasts of 3.2 percent. It was the lowest inflation rate since October 2016, mostly due to a fall in cost of energy.

2019-08-08
Mexico Inflation Rate Drops to 2-1/2-Year Low
Mexico's annual inflation rate fell to 3.78 percent in July 2019 from 3.95 percent in the previous month, slightly below market expectations of 3.79 percent. That was the lowest rate since December 2016 mainly due to a slowdown in energy inflation.

2019-07-09
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. 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.


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.

Mexico Prices Last Previous Highest Lowest Unit
Inflation Rate 2.83 2.97 179.73 2.13 percent [+]
Inflation Rate Mom 0.56 0.81 15.46 -0.74 percent [+]
Consumer Price Index CPI 105.93 105.35 105.93 0.01 points [+]
Core Consumer Prices 105.23 104.80 105.23 0.09 points [+]
Core Inflation Rate 3.59 3.65 176.90 2.30 percent [+]
GDP Deflator 130.60 131.31 131.31 15.01 points [+]
Producer Prices 99.89 99.87 100.00 48.57 points [+]
Export Prices 113.39 112.66 143.98 32.38 points [+]
Import Prices 230.39 230.75 234.79 42.20 points [+]
Producer Prices Change 0.60 0.90 9.81 0.60 percent [+]
Inflation Expectations 3.45 3.50 17.21 3.19 Percent [+]
Cpi Housing Utilities 106.40 105.99 106.40 58.21 points [+]
CPI Transportation 105.45 104.71 105.45 0.06 points [+]
Food Inflation 2.52 3.52 11.03 0.03 percent [+]