Mexico Inflation Rate1974-2020 Data | 2021-2023 Forecast | Calendar | Historical

The annual inflation rate in Mexico fell to 3.15 percent in December of 2020 from 3.33 percent in the previous month and broadly in line with market expectations. It was the lowest inflation rate since May, amid a slowdown in prices of food & non-alcoholic beverages (5.80 percent vs 7.07 percent in November) and restaurants & hotels (3.64 percent vs 3.85 percent). At the same time, inflation remained almost unchanged for housing & utilities (3.15 percent vs 3.14 percent). In addition, costs continue to decrease for transport (-2.18 percent vs -2.17 percent) and communication (-0.19 percent vs -0.39 percent). On a monthly basis, consumer prices inched up 0.38 percent, after increasing 0.08 percent in the previous month and also broadly in line with market consensus. The core index, which strips out some volatile food and energy prices rose 0.55 percent, following a 0.08 percent drop in November.

The annual inflation rate in Mexico fell to 3.33 percent in November of 2020 from 4.09 percent in the prior month and below market expectations of 3.42 percent. It was the lowest inflation rate since June, amid a slowdown in prices of food & non-alcoholic beverages (7.07% vs 8.09% in October); housing & utilities (3.14% vs 3.29%); furnishings (4.43% vs 5.56%); recreation & culture (1.48% vs 2.11%) and miscellaneous goods & services (3.59% vs 3.85%). In addition, costs continued to decrease for transport (-2.17% vs -0.16%); clothing & footwear (-1.38% vs 0.63%) and communications (-0.39% vs -0.51%). On a monthly basis, consumer prices were up 0.08 percent, decelerating sharply from a 0.61 percent increase in the previous month. The core index, which strips out some volatile food and energy prices dropped 0.08 percent, following a 0.24 percent increase in October and compared with market expectations of a 0.05 percent fall.

The annual inflation rate in Mexico rose to 4.09 percent in October 2020 from 4.01 percent in the previous month and slightly above market expectations of 4.07 percent. It was the highest inflation rate since May last year, as prices increase further for food & non-alcoholic beverages (8.09% vs 7.55% in September); and furnishings (5.56% vs 5.14%). Also, cost of communication fell less (-0.51% vs -0.65%). In contrast, prices slowed for housing & utilities (3.29% vs 3.36%); miscellaneous goods & services (3.85% vs 4.04%); restaurants & hotels (3.94% vs 4.12%); recreation & culture (2.11% vs 2.34%) and health (4.65% vs 4.75%). Additionally, cost of transport dropped (-0.16% vs 0.06%) while inflation was steady for clothing & footwear (at 0.63%). On a monthly basis, consumer prices went up 0.61 percent, after a 0.23 percent gain in the prior month. The core index, which strips out some volatile food and energy prices advanced 0.24 percent, easing from a 0.32 percent increase in September.

The annual inflation rate in Mexico fell slightly to 4.01 percent in September 2020 from 4.05 percent in the previous month and compared with market expectations of 4.07 percent. Prices slowed for housing & utilities (3.36% vs 3.53%); miscellaneous goods & services (4.04% vs 4.15% in August); transport (0.06% vs 0.25%); restaurants & hotels (4.12% vs 4.2%); and recreation & culture (2.34% vs 2.19%). Meanwhile, cost rose further for food & non-alcoholic beverages (7.55% vs 7.45%); furnishings (5.14% vs 4.86%); health (4.75% vs 4.52%); and clothing & footwear (0.63% vs 0.29%). Additionally, cost of communication dropped at a softer pace (-0.65% vs -1.56%). On a monthly basis, consumer prices went up 0.23 percent, easing from a 0.39 percent gain in the prior month and below forecasts of a 0.29 percent increase. The core index, which strips out some volatile food and energy prices advanced 0.32 percent, the same as in August.