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 as prices of energy and agricultural goods grew less. Inflation Rate in Mexico averaged 24.63 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 4.10 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 3.60 in 12 months time. In the long-term, the Mexico Inflation Rate is projected to trend around 2.60 percent in 2020, according to our econometric models.

Mexico Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-07 02:00 PM Inflation Rate YoY 4.72% 4.9% 4.63% 4.7%
2019-01-09 02:00 PM Inflation Rate YoY 4.83% 4.72% 4.89% 4.9%
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 3.94% 4.1%
2019-05-09 01:00 PM Inflation Rate YoY
2019-06-07 01:00 PM Inflation Rate YoY



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.

Year-on-year, prices increased at a slower pace for energy (6.57 percent vs 7.36 percent in January); agricultural goods (4.80 percent vs 7.41 percent), led by fruits & vegetables (10.68 percent vs 13.23 percent) and livestock products (0.77 percent vs 1.95 percent); and other services including restaurants, telephone services, medical services and package tourist services (4.02 percent vs 4.28 percent). In contrast, inflation edged higher for housing (2.62 percent vs 2.59 percent); food, beverages & tobacco (4.34 percent vs 4.30 percent) and education (4.84 percent vs 4.68 percent).

On a monthly basis, consumer prices were flat, after increasing 0.1 percent in January and in line with market expectations. Prices fell for agricultural goods (-4.28 percent vs 0.35 percent), mostly fruits & vegetables (-9.13 percent vs 0.76 percent). Meanwhile, cost advanced further for housing (0.28 percent vs 0.24 percent); food, beverages & tobacco (0.54 percent vs 0.48 percent) and education (0.60 percent vs 0.44 percent).

The core index, which strips out some volatile food and energy prices rose by 0.43 percent month-over-month (vs 0.20 percent in January) and increased by 3.5 percent on a yearly basis (vs 3.60 percent in January).


INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
3/7/2019 2:59:33 PM


News

Mexico Annual Inflation Rate at Over 2 Year-Low
The annual inflation rate in Mexico fell to 4.37 percent in January 2019 from 4.83 percent in the previous month and below market expectations of 4.49 percent. It was the lowest inflation rate since December 2016, mainly due to a slowdown in cost of energy and food, beverages & tobacco.
Published on 2019-02-07

Mexico Inflation Rate Edges Up to 4.83% in December
The annual inflation rate in Mexico rose to 4.83 percent in December 2018 from 4.72 percent in the prior month, slightly below market expectations of 4.89 percent. Prices increased at a faster pace for other services and agricultural goods while inflation was barely unchanged for housing.
Published on 2019-01-09

Mexico Inflation Rate Slows to 5-Month Low of 4.72%
The annual inflation rate in Mexico decreased to 4.72 percent in November 2018 from 4.90 percent in the previous month but above market expectations of 4.63 percent. It is the lowest inflation rate since June, amid slowing prices of energy and food, beverages & tobacco.
Published on 2018-12-07

Mexico Inflation Rate Ticks Down to 4.9% in October
The annual inflation rate in Mexico eased to 4.9 percent in October 2018 from 5.02 percent in September, as widely expected. Prices rose less mainly for energy and housing.
Published on 2018-11-08



Mexico Prices Last Previous Highest Lowest Unit
Inflation Rate 3.94 4.37 179.73 2.13 percent [+]
Inflation Rate Mom -0.03 0.09 15.46 -0.74 percent [+]
Consumer Price Index CPI 103.08 103.11 103.11 0.01 Index Points [+]
Core Consumer Prices 102.22 101.79 102.22 0.09 Index Points [+]
Core Inflation Rate 3.50 3.60 176.90 2.30 percent [+]
GDP Deflator 128.44 127.41 128.44 15.01 Index Points [+]
Producer Prices 130.14 130.12 130.81 61.28 Index Points [+]
Export Prices 110.61 107.65 143.98 32.38 Index Points [+]
Import Prices 234.07 233.64 234.44 42.20 Index Points [+]
Producer Prices Change 4.52 4.97 9.81 0.92 percent [+]
Inflation Expectations 4.10 3.98 17.21 3.19 Percent [+]
Cpi Housing Utilities 104.75 104.51 104.75 58.21 Index Points [+]
CPI Transportation 102.54 101.81 102.71 0.06 Index Points [+]
Food Inflation 4.41 5.31 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.94 4.37 179.73 2.13 1974 - 2019 percent Monthly
2018=100




Country Last Previous
Argentina 50.70 Feb/19
Australia 1.80 Dec/18
Brazil 3.89 Feb/19
Canada 1.50 Feb/19
China 1.50 Feb/19
Euro Area 1.50 Feb/19
France 1.30 Feb/19
Germany 1.50 Feb/19
India 2.57 Feb/19
Indonesia 2.57 Feb/19
Italy 1.00 Feb/19
Japan 0.20 Feb/19
Mexico 3.94 Feb/19
Netherlands 2.60 Feb/19
Russia 5.20 Feb/19
Saudi Arabia -2.20 Feb/19
Singapore 0.40 Jan/19
South Africa 4.10 Feb/19
South Korea 0.50 Feb/19
Spain 1.10 Feb/19
Switzerland 0.60 Feb/19
Turkey 19.67 Feb/19
United Kingdom 1.90 Feb/19
United States 1.50 Feb/19


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