Mexico Inflation Rate  1974-2018 | Data | Chart | Calendar | Forecast

Inflation rate in Mexico rose to 4.65 percent year-on-year in June 2018 from 4.51 percent in May and exceeding market expectations of 4.56 percent. It was the first increase in inflation since December, mainly due to higher cost of energy and fuels. The central bank noted that inflation could converge to the 3 percent target more slowly than initially estimated. Main reasons are linked to recent shocks including further peso depreciation caused by fears surrounding the future of NAFTA, presidential elections and rising cost of fuels. Inflation Rate in Mexico averaged 24.93 percent from 1974 until 2018, 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.

Mexico Inflation Rate
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Mexico Inflation Rate Rises for First Time in 6 Months


Inflation rate in Mexico rose to 4.65 percent year-on-year in June 2018 from 4.51 percent in May and exceeding market expectations of 4.56 percent. It was the first increase in inflation since December, mainly due to higher cost of energy and fuels. The central bank noted that inflation could converge to the 3 percent target more slowly than initially estimated. Main reasons are linked to recent shocks including further peso depreciation caused by fears surrounding the future of NAFTA, presidential elections and rising cost of fuels.

Year-on-year, inflation continued to climb for: energy (15.22 percent vs 12.37 percent in May); housing (2.60 percent vs 2.57 percent); and other services including restaurants, telephone services, medical services and package tourist services (3.76 percent vs 3.73 percent). In contrast, prices increased at a slower pace for food, beverages & tobacco (4.49 percent vs 4.73 percent); education (4.81 percent vs 4.82 percent) and they fell further for fruits and vegetables (-1.40 percent vs -0.87 percent).

On a monthly basis, consumer prices increased 0.39 percent, compared to a 0.16 percent fall in May and market expectations of a 0.3 percent gain. Main upward pressure came from prices of energy (2.29 percent vs -2.39 percent in May), namely electricity (1.49 percent vs -22.32 percent) and gasoline (1.45 percent vs 1.08 percent); housing (0.24 percent vs 0.21 percent in May); other services (0.49 percent vs 0.47 percent) and fruits and vegetables (0.17 percent vs -2.69 percent), such as oranges (33.34 vs 26.08 percent); potatoes and other tubers (5.82 percent vs 4.20 percent) while cost of lemons fell much less (-21.29 percent vs -40.88 percent).

The core index, which strips out some volatile food and energy prices went up 0.23 percent during the month (0.26 percent in May) and was up 3.62 percent on a yearly basis (3.69 percent in May), hitting its lowest level since December of 2016.


INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
7/9/2018 2:37:06 PM


Recent Releases

Mexico Inflation Rate Drops to 4.51% in May
Inflation rate in Mexico eased further to 4.51 percent year-on-year in May 2018 from 4.55 percent in April while markets were expecting a sharper decrease to 4.43 percent. Still, it remained at its lowest level since December of 2016, as prices slowed more for food, beverages & tobacco.
Published on 2018-06-07

Mexico April Inflation Rate at Near 1-1/2-Year Low
Inflation rate in Mexico eased to 4.55 percent year-on-year in April of 2018 from 5.04 percent in March and below market expectations of 4.59 percent. The inflation slowed for the fourth consecutive month, reaching the lowest level since December 2016. Prices rose at a softer pace for food, beverages and tobacco; fruits and vegetables and other services.
Published on 2018-05-09

Mexico March Inflation Rate Falls to Over 1-Year Low
Inflation rate in Mexico eased to 5.04 percent year-on-year in March of 2018 from 5.34 percent in February and below market expectations of a 5.12 percent. It was the lowest inflation rate since February last year, as prices of food, beverages & tobacco and housing grew less. This new slowdown in inflation could ease some pressure on the central bank to keep raising interest rates. The bank said the inflation rate is expected to fall and reach the 3 percent target in the first quarter of 2019.
Published on 2018-04-09

Mexico Inflation Rate Lowest in a Year
Consumer prices in Mexico increased 5.34 percent year-on-year in February of 2018, slightly below a 5.55 percent rise in January and market expectations of 5.37 percent. It is the lowest inflation rate in a year when it was 4.86 percent. The central bank targets inflation at 3 percent with a one percentage point tolerance zone on each side. It expects inflation to converge to 3 percent by the end of 2018.
Published on 2018-03-08



Calendar GMT Actual Previous Consensus TEForecast
2018-05-09 01:00 PM Inflation Rate YoY 4.55% 5.04% 4.59% 4.5%
2018-06-07 01:00 PM Inflation Rate YoY 4.51% 4.55% 4.43% 4.4%
2018-07-09 01:00 PM Inflation Rate YoY 4.65% 4.51% 4.57% 4.6%
2018-08-09 01:00 PM Inflation Rate YoY 4.65% 4.5%
2018-09-07 01:00 PM Inflation Rate YoY 4.5%
2018-10-09 01:00 PM Inflation Rate YoY 4.4%


Mexico Prices Last Previous Highest Lowest Unit
Inflation Rate 4.65 4.51 179.73 2.13 percent [+]
Inflation Rate Mom 0.39 -0.16 15.46 -0.74 percent [+]
Consumer Price Index CPI 132.28 131.77 132.44 0.01 Index Points [+]
Core Consumer Prices 127.39 127.10 127.39 0.11 Index Points [+]
Core Inflation Rate 3.62 3.69 176.90 2.30 percent [+]
GDP Deflator 125.14 121.21 125.14 15.01 Index Points [+]
Producer Prices 126.71 125.06 126.71 60.18 Index Points [+]
Export Prices 112.10 113.30 143.98 32.38 Index Points [+]
Import Prices 232.15 231.18 232.15 42.20 Index Points [+]
Inflation Expectations 3.83 3.90 17.21 3.19 Percent [+]
CPI Transportation 104.66 104.42 104.66 0.06 Index Points [+]
Food Inflation 3.24 3.75 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.65 4.51 179.73 2.13 1974 - 2018 percent Monthly
Dec 2010=100




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 4.39 Jun/18
Canada 2.20 May/18
China 1.90 Jun/18
Euro Area 2.00 Jun/18
France 2.00 Jun/18
Germany 2.10 Jun/18
India 5.00 Jun/18
Indonesia 3.12 Jun/18
Italy 1.40 Jun/18
Japan 0.70 May/18
Mexico 4.65 Jun/18
Netherlands 1.70 Jun/18
Russia 2.30 Jun/18
South Korea 1.50 Jun/18
Spain 2.30 Jun/18
Switzerland 1.10 Jun/18
Turkey 15.39 Jun/18
United Kingdom 2.40 May/18
United States 2.90 Jun/18


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