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.

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Mexico Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-07 11:00 AM Sep 6% 5.59% 5.99% 6%
2021-11-09 12:00 PM Oct 6.24% 6% 6.18% 6.1%
2021-12-09 12:00 PM Nov 6.24% 7.17% 6.98%


Related Last Previous Unit Reference
Inflation Rate 6.24 6.00 percent Oct/21
Inflation Rate Mom 0.84 0.62 percent Oct/21
Consumer Price Index CPI 115.56 114.60 points Oct/21
Core Inflation Rate 5.19 4.92 percent Oct/21
Core Consumer Prices 114.38 113.82 points Oct/21
GDP Deflator 148.37 144.44 points Sep/21
Producer Prices 111.93 110.77 points Oct/21
Mid-month Inflation Rate YoY 7.05 6.12 percent Nov/21
Mid-month Inflation Rate MoM 0.69 0.54 percent Nov/21
Mid-month Core Inflation Rate YoY 5.53 5.12 percent Nov/21
Mid-month Core Inflation Rate MoM 0.15 0.33 percent Nov/21
CPI Transportation 111.86 111.60 points Oct/21
Producer Prices Change 7.06 6.02 percent Oct/21
Food Inflation 8.42 8.80 percent Oct/21
CPI Housing Utilities 112.87 109.97 points Oct/21

News Stream
Mexico Inflation Rate at Near 4-Year High
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.
2021-11-09
Mexico Inflation Rate Edges Up as Expected
Mexico’s annual inflation rate edged up to 6 percent in September of 2021 from 5.59 percent in August and in line with market expectations of 5.99 percent. It was the highest increase in CPI since April, moving further away from the central bank’s 3 percent target range despite three interest rate hikes. The biggest increases were reported for the cost of food and non-alcoholic beverages (8.75 percent vs 7.94 percent in August), housing and utilities (4.69 percent vs 3.95 percent), restaurants and hotels (6.57 percent vs 6.46 percent), and recreation and culture (4.52 percent vs 4.15 percent). On the other hand, inflation slightly slowed for transportation (6.96 percent vs 7.01 percent), healthcare (4.05 percent vs 4.42 percent), and clothing and footwear (4.6 percent vs 4.65 percent). The annual core inflation rate accelerated to a ten-month high of 4.92 percent from 4.78 in August. On a monthly basis, consumer prices increased 0.62 percent from 0.19 percent in the previous month.
2021-10-07
Mexico Inflation Rate Eases to 5-Month Low
Mexico’s annual inflation rate eased to 5.59% in August of 2021 from 5.81% in July and almost aligned with market expectations of 5.60%. It was the slowest increase in consumer prices since March, as the inflation rate softened for the fourth month in a row towards the central bank's 3% target range after two interest rate hikes. Inflationary pressure eased in transports (7.01% vs 7.25% in July); housing & utilities (3.95% vs 6.14%); recreation & culture (4.15% vs 4.73%); and communications (1.16% vs 1.18%). Meanwhile, costs climbed faster in food & non-alcoholic beverages (7.94% vs 7.30%); and restaurants & hotels (6.46% vs 6.21%). The annual core inflation rate, excluding volatile items such as unprocessed food and energy, rose to a 9-month high of 4.78% in August, from 4.66% in the previous month. On a monthly basis, consumer prices edged up 0.19%, slowing from a 0.59% gain in July, slightly below market forecasts of a 0.20% rise.
2021-09-09

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.