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.

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Mexico Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.67 3.76 179.73 2.13 1974 - 2021 percent Monthly
2018=100


Calendar GMT Actual Previous Consensus TEForecast
2021-01-07 12:00 PM Dec 3.15% 3.33% 3.16% 3.2%
2021-02-09 12:00 PM Jan 3.54% 3.15% 3.46% 3.3%
2021-03-09 12:00 PM Feb 3.76% 3.54% 3.72% 3.7%
2021-04-08 11:00 AM Mar 4.67% 3.76% 4.67% 4.6%
2021-05-07 11:00 AM Apr 4.67%
2021-06-09 11:00 AM May
2021-07-09 11:00 AM Jun 4.5%
2021-08-06 11:00 AM Jul
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Mexico Inflation Rate Climbs to Over 2-Year High
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.
2021-04-08
Mexico February Inflation Rate Above Estimates
The annual inflation rate in Mexico rose to 3.76 percent in February of 2021 from 3.54 percent in the prior month and slightly above market expectations of 3.72 percent. It was the highest inflation rate since last October mainly due to prices of housing & utilities (4.89 percent vs 4.32 percent in January); transport (2.52 percent vs 0.16 percent) and miscellaneous goods & services (4.25 percent vs 4.01 percent). Meanwhile, costs slowed mostly for food & non-alcoholic beverages (4.27 percent vs 5.10 percent) and alcoholic beverages & tobacco (5.49 percent vs 5.73 percent). On a monthly basis, consumer prices increased 0.63 percent, following a 0.86 percent rise in January and beating market estimates of a 0.59 percent advance.
2021-03-09
Mexico Inflation Rate Picks Up to 3.54% in January
The annual inflation rate in Mexico increased to 3.54 percent in January of 2021 from a seven-month low of 3.15 percent in the previous month and compared to market expectations of 3.46 percent. On a monthly basis, consumer prices climbed 0.86 percent, following a 0.38 percent gain in December. The core index, which strips out some volatile food and energy prices advanced 0.36 percent from a month earlier, after a 0.55 percent rise in December.
2021-02-09
Mexico December Inflation Rate at 7-Month Low of 3.2%
The annual inflation rate in Mexico fell to 3.15 percent in December of 2020 from 3.33 percent in the previous month and broadly in line with market expectations. It was the lowest inflation rate since May, amid a slowdown in prices of food & non-alcoholic beverages (5.80 percent vs 7.07 percent in November) and restaurants & hotels (3.64 percent vs 3.85 percent). At the same time, inflation remained almost unchanged for housing & utilities (3.15 percent vs 3.14 percent). In addition, costs continue to decrease for transport (-2.18 percent vs -2.17 percent) and communication (-0.19 percent vs -0.39 percent). On a monthly basis, consumer prices inched up 0.38 percent, after increasing 0.08 percent in the previous month and also broadly in line with market consensus. The core index, which strips out some volatile food and energy prices rose 0.55 percent, following a 0.08 percent drop in November.
2021-01-07

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.