Mexico’s annual inflation rate rose to 8.70 percent in August of 2022 from 8.15 percent in the previous month, the highest reading since December of 2000 and slightly above expectations of 8.67 percent. Prices accelerated for both goods (10.55 percent vs. 10.07 percent in July), due to processed foods and beverages (12.94 percent vs. 12.09 percent), and services (5.19 percent vs. 4.90 percent), as housing costs edged higher (3.12 percent vs. 3.02 percent). At the same time, energy prices rose faster (7.25 percent vs. 4.76 percent). The core inflation rate rose to 8.05 percent, the highest since 2000, and picked up from 7.65 percent in the prior month. Monthly, consumer prices rose by 0.70 percent, above market expectations of 0.66 percent, but easing from the 0.74 percent increase in July. source: Instituto Nacional de Estadística y Geografía (INEGI)

Inflation Rate in Mexico averaged 23.21 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 October of 2022.

Inflation Rate in Mexico is expected to be 8.60 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 3.50 percent in 2023 and 3.00 percent in 2024, according to our econometric models.

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Mexico Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-08-09 11:00 AM Jul 8.15% 7.99% 8.13% 8.17%
2022-09-08 11:00 AM Aug 8.7% 8.15% 8.67% 8.58%
2022-10-07 11:00 AM Sep 8.7% 8.75% 8.60%


Related Last Previous Unit Reference
Inflation Rate 8.70 8.15 percent Aug 2022
Inflation Rate MoM 0.70 0.74 percent Aug 2022
Consumer Price Index CPI 123.80 122.95 points Aug 2022
Core Inflation Rate 8.05 7.65 percent Aug 2022
Core Consumer Prices 122.42 121.45 points Aug 2022
GDP Deflator 159.05 156.17 points Jun 2022
Producer Prices 120.12 119.99 points Aug 2022
Mid-month Inflation Rate YoY 8.76 8.62 percent Sep 2022
Mid-month Inflation Rate MoM 0.41 0.42 percent Sep 2022
Mid-month Core Inflation Rate YoY 8.27 7.97 percent Sep 2022
Mid-month Core Inflation Rate MoM 0.44 0.49 percent Sep 2022
Food Inflation 14.22 14.16 percent Aug 2022
Producer Prices Change 9.06 8.93 percent Jul 2022
CPI Transportation 119.88 119.11 points Jul 2022
CPI Housing Utilities 113.96 113.46 points Jul 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
8.70 8.15 179.73 2.13 1974 - 2022 percent Monthly
2018=100

News Stream
Mexico Inflation Rate Hits Highest Level Since 2000
Mexico’s annual inflation rate rose to 8.70 percent in August of 2022 from 8.15 percent in the previous month, the highest reading since December of 2000 and slightly above expectations of 8.67 percent. Prices accelerated for both goods (10.55 percent vs. 10.07 percent in July), due to processed foods and beverages (12.94 percent vs. 12.09 percent), and services (5.19 percent vs. 4.90 percent), as housing costs edged higher (3.12 percent vs. 3.02 percent). At the same time, energy prices rose faster (7.25 percent vs. 4.76 percent). The core inflation rate rose to 8.05 percent, the highest since 2000, and picked up from 7.65 percent in the prior month. Monthly, consumer prices rose by 0.70 percent, above market expectations of 0.66 percent, but easing from the 0.74 percent increase in July.
2022-09-08
Mexico Inflation Rate at 21-Year High
Mexico’s annual inflation rate rose to 8.15 percent in July of 2022 from 7.99 percent in the previous month, the highest reading since 2000 and slightly above expectations of 8.13 percent. Prices accelerated for both goods (10.07 percent vs 9.91 percent in June), due to processed foods and beverages (12.09 percent vs 11.84 percent), and services (4.9 percent vs 4.76 percent), as housing costs edged higher (3.02 percent vs 2.97 percent). On the other hand, the increase in energy prices continued to ease (4.76 percent vs 5.22 percent). The core inflation rate rose to 7.65 percent, also the highest since 2000, and picking up from 7.49 percent in the prior month. On a monthly basis, consumer prices rose by 0.74 percent, roughly in line with expectations of 0.72 percent and easing from the 0.84 percent increase in June.
2022-08-09
Mexico Inflation Rate at 21-Year High
Mexico’s annual inflation rate rose to 7.99 percent in June of 2022 from 7.65 percent in the previous month, the highest reading since 2001 and slightly above expectations of 7.95 percent. Prices accelerated for both goods (9.91 percent vs 9.55 percent in May), due to processed foods (11.84 percent vs 11.27 percent) and services (4.76 percent vs 4.74 percent), amid higher housing costs (2.94 percent vs 2.84 percent). On the other hand, energy prices decelerated (5.68 percent vs 6.3 percent). The core inflation rate rose to 7.49 percent, the highest since 2000, and picking up from 7.28 percent in the previous month. On a monthly basis, consumer prices rose by 0.84 percent, roughly in line with expectations of 0.81 percent and compared to the slower 0.18 percent in the previous month.
2022-07-07