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. source: Instituto Nacional de Estadística y Geografía (INEGI)
Inflation Rate in Mexico averaged 23.95 percent from 1974 until 2020, 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. This page provides - Mexico Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Inflation Rate in Mexico is expected to be 3.90 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 3.70 in 12 months time. In the long-term, the Mexico Inflation Rate is projected to trend around 3.60 percent in 2021 and 3.50 percent in 2022, according to our econometric models.