The annual inflation rate in Mexico dropped to 2.15 percent in April 2020 from 3.25 percent in the previous month and compared with market expectations of 2.13 percent. It was the lowest inflation rate since December 2015, as cost fell further for transport (-8.61% vs -1.62% in March) amid a slump in oil prices, and communications (-1.59% vs -1.50%). In addition, prices slowed for food & non-alcoholic beverages (6.71% vs 6.81%); clothing & footwear (1.03% vs 2.23%); furnishings (2.30% vs 2.43%); miscellaneous goods & services (3.67% vs 3.97%); recreation & culture (0.53% vs 1.63%); and restaurants & hotels (4.20% vs 4.85%). Meanwhile, cost of housing & utilities rose at a faster pace (1.78% vs 1.60%). On a monthly basis, consumer prices went down 1.01 percent, the most since at least 1969, after falling 0.05 percent in March. The core index, which strips out some volatile food and energy prices increased 0.36 percent, after a 0.29 percent gain in the prior month.

Inflation Rate in Mexico averaged 24.09 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 May of 2020. source: Instituto Nacional de Estadística y Geografía (INEGI)

Inflation Rate in Mexico is expected to be 2.30 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 2.90 in 12 months time. In the long-term, the Mexico Inflation Rate is projected to trend around 3.20 percent in 2021 and 3.00 percent in 2022, according to our econometric models.

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Mexico Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.15 3.25 179.73 2.13 1974 - 2020 percent Monthly
2018=100


Calendar GMT Actual Previous Consensus TEForecast
2020-02-07 12:00 PM Jan 3.24% 2.83% 3.26% 3.2%
2020-03-09 12:00 PM Feb 3.70% 3.24% 3.56% 3.5%
2020-04-07 11:00 AM Mar 3.25% 3.7% 3.47% 3.6%
2020-05-07 11:00 AM Apr 2.15% 3.25% 2.13% 2.2%
2020-06-09 11:00 AM May 2.15% 2.5%
2020-07-09 11:00 AM Jun 2.5%
2020-08-07 11:00 AM Jul
2020-09-09 11:00 AM Aug


News Stream
Mexico Inflation Rate Falls to Over 4-Year Low in April
The annual inflation rate in Mexico dropped to 2.15 percent in April 2020 from 3.25 percent in the previous month and compared with market expectations of 2.13 percent. It was the lowest inflation rate since December 2015, as cost fell further for transport (-8.61% vs -1.62% in March) amid a slump in oil prices, and communications (-1.59% vs -1.50%). In addition, prices slowed for food & non-alcoholic beverages (6.71% vs 6.81%); clothing & footwear (1.03% vs 2.23%); furnishings (2.30% vs 2.43%); miscellaneous goods & services (3.67% vs 3.97%); recreation & culture (0.53% vs 1.63%); and restaurants & hotels (4.20% vs 4.85%). Meanwhile, cost of housing & utilities rose at a faster pace (1.78% vs 1.60%). On a monthly basis, consumer prices went down 1.01 percent, the most since at least 1969, after falling 0.05 percent in March. The core index, which strips out some volatile food and energy prices increased 0.36 percent, after a 0.29 percent gain in the prior month.
2020-05-07
Mexico Inflation Rate Eases to 3.25% in March
The annual inflation rate in Mexico fell to 3.25 percent in March 2020 from 3.7 percent in the previous month and below market expectations of 3.47 percent. Prices slowed for housing & utilities (1.60 percent vs 1.69 percent in February); furnishings (2.43 percent vs 2.57 percent); and miscellaneous goods & services (3.97 percent vs 4.11 percent). Also, cost of transport dropped 1.62 percent, after rising 2.83 percent in February. On the other hand, food & non-alcoholic beverages prices advanced at a faster pace (6.81 percent vs 5.92 percent). On a monthly basis, consumer prices went down 0.05 percent, after a 0.42 percent gain in February. The core index, which strips out some volatile food and energy prices increased 0.29 percent, easing from a 0.36 percent rise in the previous month.
2020-04-07
Mexico Inflation Rate Rises to 7-Month High in February
The annual inflation rate in Mexico increased to 3.70 percent in February 2020 from 3.24 percent in the previous month and above market expectations of 3.56 percent. It was the highest inflation rate since July last year, boosted by cost of agricultural goods (7.82 percent from 1.44 percent in January). In contrast, prices slowed for food, beverages & tobacco increased further (4.99 percent from 5.1 percent); and services (3.48 percent from 3.51 percent), of which education (4.55 percent from 4.69 percent) while housing (2.94 percent from 2.93 percent). Additionally, cost of energy dropped 0.54 percent, after rising 0.86 percent in January. On a monthly basis, consumer prices went up 0.42 percent, easing from a 0.48 percent gain in the prior month. The core index, which strips out some volatile food and energy prices advanced 0.36 percent, after a 0.33 percent increase in January.
2020-03-09
Mexico Inflation Rate at 6-Month High in January
Mexico’s annual inflation rate rose to 3.24 percent in January 2020 from an over three-year low of 2.83 percent in December and compared with market forecasts of 3.26 percent. Cost of food, beverages & tobacco increased further (5.1 percent vs 4.45 percent in December); and prices rebounded for energy (0.86 percent vs -0.54 percent) and agricultural goods (1.44 percent vs -0.03 percent). On the other hand, cost slowed for services (3.51 percent vs 3.64 percent), of which education (4.69 percent vs 4.73 percent) while housing (2.93 percent vs 2.91 percent). The core index, which strips out some volatile food and energy prices went up 0.33 percent, easing from a 0.56 percent gain in November.
2020-02-07

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.