Mexico's consumer price inflation jumped to 4.67 percent year-on-year in March 2021, the highest since December 2018 and in line with market expectations. Main upward pressure came from goods including food, beverages and tobacco (6.48 percent vs 6.34 percent in February) and non-food products (5.04 percent vs 4.66 percent), and services such as housing (1.79 percent vs 1.85 percent) and other services including restaurants, mobile phone service, car maintenance, medical consultation and packaged tourist services (3.02 percent vs 2.44 percent). Energy prices also jumped 10.73 percent, after a 5.50 increase in February. The annual core inflation rate, excluding volatile items such as unprocessed food and energy, rose to 4.12 percent in March, from 3.87 percent in the previous month. source: Instituto Nacional de Estadística y Geografía (INEGI)
Inflation Rate in Mexico averaged 23.70 percent from 1974 until 2021, 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 April of 2021.
Inflation Rate in Mexico is expected to be 4.50 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 3.20 in 12 months time. In the long-term, the Mexico Inflation Rate is projected to trend around 3.50 percent in 2022 and 2.80 percent in 2023, according to our econometric models.