Mexico’s annual inflation rate rose marginally to 7.82% in December of 2022, from 7.80% in the prior month, but holding close to six-month lows and below market forecasts of 7.86%. Prices increased slightly faster for food & non-alcoholic beverages (12.70% vs 12.41% in November); housing & utilities (2.26% vs 1.38%) and health (6.50% vs 6.33%). Meanwhile, there was a slowdown in prices of other CPI items such as alcoholic beverages & tobacco (9.02% vs 9.27%); furnishings & household equipment (8.21% vs 8.63%); transportation (6.52% vs 7.74%); recreation & culture (4.68% vs 5.50%) and clothing & footwear (6% vs 6.74%). The annual core inflation rate eased to 8.35% from an over 22-year high of 8.51% in the prior month and roughly in line with market expectations of 8.36%. On a monthly basis, consumer prices rose by 0.38% in December, the least in seven months and under market estimates of a 0.43% increase. source: Instituto Nacional de Estadística y Geografía (INEGI)
Inflation Rate in Mexico averaged 23.11 percent from 1974 until 2022, 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 February of 2023.
Inflation Rate in Mexico is expected to be 6.46 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Inflation Rate is projected to trend around 4.00 percent in 2024 and 2.00 percent in 2025, according to our econometric models.