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.