Mexico’s annual inflation rate edged up to 6.24 percent in October of 2021 from 6 percent in September, above market expectations of 6.18 percent and moving further away from the central bank’s 3 percent target. It was the highest increase in CPI since December of 2017 as cost surged for housing and utilities (5.55 percent vs 4.69 percent in September), transportation (7.28 percent vs 6.96 percent), restaurant and hotels (6.75 percent vs 6.57 percent), recreation and culture (5.22 percent vs 4.52 percent), and healthcare (4.27 percent vs 4.05 percent). On the other hand, inflation slowed for food and non-alcoholic beverages (8.42 vs 8.75 percent). The annual core inflation rate accelerated to a 12-year high of 5.19 percent from 4.92 percent in the previous month. On a monthly basis, consumer prices increased 0.84 percent from 0.62 percent in September. source: Instituto Nacional de Estadística y Geografía (INEGI)
Inflation Rate in Mexico averaged 23.48 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 December of 2021.
Inflation Rate in Mexico is expected to be 6.70 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 3.00 percent in 2022 and 2.80 percent in 2023, according to our econometric models.