News

Mexico Inflation Eases to 4-Month Low
The annual inflation rate in Mexico eased to 3.94% in the second half of May of 2026 from 4.45% in the corresponding period of the previous month, the lowest in four months. It was slightly under market expectations of 4.02%, marking the return to the Bank of Mexico's tolerance band of one percentage point away from 3%. Inflation was muted for energy (3.27%) despite the surge in oil, natural gas, and coal prices globally since the outbreak of war in the Middle East, largely due heavy fuel tax credits and price caps implemented by the Mexican government. Meanwhile, inflation was also tame for core goods (3.78%) as non-food core goods (2.84%) was lower than core food goods (5.13%). In turn, inflation for services was higher (4.57%). From the previous month, the Mexican CPI fell by 0.2%, the first decline in two years, as the energy subsidies were expanded and drove energy prices to ease from the initial reaction to the war.
Published on 2026-06-09

Mexico's Inflation Rate Slows in April as Expected
Mexico's annual inflation rate eased to 4.45% in April 2026 from 4.59% in March, which was the steepest since August 2024. Figures came marginally below analysts' forecasts of 4.50%. Prices slowed down in several CPI categories, including food & non-alcoholic beverages (6.36% vs 6.91% in March); alcoholic beverages & tobacco (7.97% vs 8.05%); housing & utilities (3.08% vs 3.13%); health (5.25% vs 5.43%); restaurants & hotels (6.89% vs 7.16%) and miscellaneous goods & services (4.81% vs 5.52%). On the other hand, transportation prices rose faster (3.14% vs 2.62%), amid higher fuel costs linked to the Middle East conflict. The core inflation rate, which strips out some volatile food and energy prices, fell to 4.26% in April from 4.45% in March, the lowest in 8 months and slightly below forecasts of 4.27%. On a monthly basis, the CPI went up by 0.2%, down from a 0.86% rise in March and compared to the market consensus of a 0.25% increase.
Published on 2026-05-07

Mexico's Inflation Rate Slows in April
Mexico's annual inflation rate eased to 4.45% in April 2026 from 4.59% in March, which was the steepest since August 2024. Figures came broadly in line with analysts' forecasts of 4.50%. Prices slowed down in several CPI categories, including food & non-alcoholic beverages (6.36% vs 6.91% in March); alcoholic beverages & tobacco (7.97% vs 8.05%) and housing & utilities (3.08% vs 3.13%). On the other hand, transportation prices rose faster (3.14% vs 2.62%). The core inflation rate fell to 4.26% in April from 4.45% in March, the lowest in 8 months and slightly below forecasts of 4.27%. On a monthly basis, the CPI went up by 0.2%, down from a 0.86% rise in March and compared to the market consensus of a 0.25% increase.
Published on 2026-05-07

Mexico's Inflation Rate Slows in April
Mexico's annual inflation rate eased to 4.45% in April 2026 from 4.59% in March, which was the steepest since August 2024. Figures came broadly in line with analysts' forecasts of 4.50%. Prices slowed down in several CPI categories, including food & non-alcoholic beverages (6.36% vs 6.91% in March); alcoholic beverages & tobacco (7.97% vs 8.05%) and housing & utilities (3.08% vs 3.13%). On the other hand, transportation prices rose faster (3.14% vs 2.62%). The core inflation rate fell to 4.26% in April from 4.45% in March, the lowest in 8 months and slightly below forecasts of 4.27%. On a monthly basis, the CPI went up by 0.2%, down from a 0.86% rise in March and compared to the market consensus of a 0.25% increase.
Published on 2026-05-07

Mexico's Inflation Rate Slows in April as Expected
Mexico's annual inflation rate eased to 4.45% in April 2026 from 4.59% in March, which was the steepest since August 2024. Figures came marginally below analysts' forecasts of 4.50%. Prices slowed down in several CPI categories, including food & non-alcoholic beverages (6.36% vs 6.91% in March); alcoholic beverages & tobacco (7.97% vs 8.05%) and housing & utilities (3.08% vs 3.13%). On the other hand, transportation prices rose faster (3.14% vs 2.62%). The core inflation rate, which strips out some volatile food and energy prices, fell to 4.26% in April from 4.45% in March, the lowest in 8 months and slightly below forecasts of 4.27%. On a monthly basis, the CPI went up by 0.2%, down from a 0.86% rise in March and compared to the market consensus of a 0.25% increase.
Published on 2026-05-07

Mexico's Inflation Rate Slows in April
Mexico's annual inflation rate eased to 4.45% in April 2026 from 4.59% in March, which was the steepest since August 2024. Figures came marginally below analysts' forecasts of 4.50%. Prices slowed down in several CPI categories, including food & non-alcoholic beverages (6.36% vs 6.91% in March); alcoholic beverages & tobacco (7.97% vs 8.05%) and housing & utilities (3.08% vs 3.13%). On the other hand, transportation prices rose faster (3.14% vs 2.62%). The core inflation rate, which strips out some volatile food and energy prices, fell to 4.26% in April from 4.45% in March, the lowest in 8 months and slightly below forecasts of 4.27%. On a monthly basis, the CPI went up by 0.2%, down from a 0.86% rise in March and compared to the market consensus of a 0.25% increase.
Published on 2026-05-07

Mexico's Inflation Rate Slows in April as Expected
Mexico's annual inflation rate eased to 4.45% in April 2026 from 4.59% in March, which was the steepest since August 2024. Figures came marginally below analysts' forecasts of 4.50%. Prices slowed down in several CPI categories, including food & non-alcoholic beverages (6.36% vs 6.91% in March); alcoholic beverages & tobacco (7.97% vs 8.05%) and housing & utilities (3.08% vs 3.13%). On the other hand, transportation prices rose faster (3.14% vs 2.62%), amid rising fuel costs linked to the Middle East conflict. The core inflation rate, which strips out some volatile food and energy prices, fell to 4.26% in April from 4.45% in March, the lowest in 8 months and slightly below forecasts of 4.27%. On a monthly basis, the CPI went up by 0.2%, down from a 0.86% rise in March and compared to the market consensus of a 0.25% increase.
Published on 2026-05-07

Mexico's Inflation Rate Slows in April
Mexico's annual inflation rate eased to 4.45% in April 2026 from 4.59% in March, which was the steepest since August 2024. Figures came broadly in line with analysts' forecasts of 4.50%. Prices slowed down in several CPI categories, including food & non-alcoholic beverages (6.36% vs 6.91% in March); alcoholic beverages & tobacco (7.97% vs 8.05%) and housing & utilities (3.08% vs 3.13%). On the other hand, transportation prices rose faster (3.14% vs 2.62%). The core inflation rate, which strips out some volatile food and energy prices, fell to 4.26% in April from 4.45% in March, the lowest in 8 months and slightly below forecasts of 4.27%. On a monthly basis, the CPI went up by 0.2%, down from a 0.86% rise in March and compared to the market consensus of a 0.25% increase.
Published on 2026-05-07

Mexico's Inflation Rate Slows in April as Expected
Mexico's annual inflation rate eased to 4.45% in April 2026 from 4.59% in March, which was the steepest since August 2024. Figures came marginally below analysts' forecasts of 4.50%. Prices slowed down in several CPI categories, including food & non-alcoholic beverages (6.36% vs 6.91% in March); alcoholic beverages & tobacco (7.97% vs 8.05%) and housing & utilities (3.08% vs 3.13%). On the other hand, transportation prices rose faster (3.14% vs 2.62%), amid higher fuel costs linked to the Middle East conflict. The core inflation rate, which strips out some volatile food and energy prices, fell to 4.26% in April from 4.45% in March, the lowest in 8 months and slightly below forecasts of 4.27%. On a monthly basis, the CPI went up by 0.2%, down from a 0.86% rise in March and compared to the market consensus of a 0.25% increase.
Published on 2026-05-07

Mexico's Inflation Hits 19-Month High
Mexico's annual inflation rate rose to 4.59% in March 2026 from 4.02% in February, the highest since August 2024 but slightly below forecasts of 4.61%. Food and non-alcoholic beverages led the acceleration at 6.91%, followed by alcoholic beverages and tobacco at 8.05%, and restaurants and lodging at 7.16%. Healthcare rose 5.43%, education 5.94%, personal care and miscellaneous goods 5.52%, and insurance and financial services 4.36%. Amid the Middle East oil supply crisis, energy prices rose 2.21% and transport costs climbed 2.62%. Deflation was recorded solely in information and communication at -0.84%. Monthly consumer prices rose 0.86%.
Published on 2026-04-09

Mexico's Inflation Hits 19-Month High
Mexico's annual inflation rate rose to 4.59% in March 2026 from 4.02% in February, the highest since August 2024 but slightly below forecasts of 4.61%. Food and non-alcoholic beverages led the acceleration at 6.91%, followed by alcoholic beverages and tobacco at 8.05%, and restaurants and lodging at 7.16%. Healthcare rose 5.43%, education 5.94%, personal care and miscellaneous goods 5.52%, and insurance and financial services 4.36%. Amid the Middle East oil supply crisis, energy prices rose 2.21% and transport costs climbed 2.62%. Deflation was recorded solely in information and communication at -0.84%. Monthly consumer prices rose 0.86%.
Published on 2026-04-09

Mexico Inflation Rate Rises to 8-Month High
The annual inflation rate in Mexico rose to 4.02% in February of 2026 from 3.79% in the previous month, firmly ahead of market expectations of 3.94% to mark the highest inflation rate since June of the previous year. While not a significant overshoot, it was also the first month of inflation above the Bank of Mexico's upper threshold of 4% in the period. Consumer prices rose sharply for processed food and beverages (6.2%) and fruits and vegetables (9.88%). Inflation was also significant for services (4.45%), which is seen as part of the underlying inflation trend by Banxico. From the previous month, consumer prices were 0.5% higher.
Published on 2026-03-09

Mexico Inflation Rate Rises to 8-Month HIgh
The annual inflation rate in Mexico rose to 4.02% in February of 2026 from 3.79% in the previous month, firmly ahead of market expectations of 3.94% to mark the highest inflation rate since June of the previous year. While not a significant overshoot, it was also the first month of inflation above the Bank of Mexico's upper threshold of 4% in the period. Consumer prices rose sharply for processed food and beverages (6.2%) and fruits and vegetables (9.88%). Inflation was also significant for services (4.45%), which is seen as part of the underlying inflation trend by Banxico. From the previous month, consumer prices were 0.5% higher.
Published on 2026-03-09

Mexico CPI Rises in January
Mexico’s annual inflation rate rose to 3.79% in January 2026 from 3.69% in the previous month, below market expectations of 3.82%. Price pressures were strongest in other services (7.68%), followed by healthcare and personal care (5.37%) and food, beverages and tobacco (4.43%). Prices for clothing, footwear and accessories increased 2.82%, while housing costs rose 2.91%. The smallest increases were recorded in furniture and household appliances (1.38%) and transport (1.58%). On a monthly basis, consumer prices rose 0.38%.
Published on 2026-02-09

Mexico Inflation Rate Accelerates in January
Mexico’s annual inflation rate rose to 3.79% in January 2026 from 3.69% in the previous month, below market expectations of 3.82%. Price pressures were strongest in other services (7.68%), followed by healthcare and personal care (5.37%) and food, beverages and tobacco (4.43%). Prices for clothing, footwear and accessories increased 2.82%, while housing costs rose 2.91%. The smallest increases were recorded in furniture and household appliances (1.38%) and transport (1.58%). On a monthly basis, consumer prices rose 0.38%.
Published on 2026-02-09

Mexico Inflation Rate Accelerates in January
Mexico’s annual inflation rate rose to 3.79% in January 2026 from 3.69% in the previous month, below market expectations of 3.82%. Price pressures were strongest in other services (7.68%), a category that includes street food outlets, restaurants and similar venues, mobile phone services, car maintenance, medical consultations and packaged tourism services. Inflation was also elevated in healthcare and personal care (5.37%) and food, beverages and tobacco (4.43%). Prices for clothing, footwear and accessories increased 2.82%, while housing costs rose 2.91%. The smallest increases were recorded in furniture and household appliances (1.38%) and transport (1.58%). On a monthly basis, consumer prices rose 0.38%.
Published on 2026-02-09

Mexico Price Growth Moderates at Year-End
Mexico’s annual inflation rate eased to 3.69% in December 2025 from 3.80% in November, coming in below market expectations of 3.80%. Price pressures were strongest in restaurants and lodging (7.35%), education services (5.81%), personal care, social security and miscellaneous goods (5.79%), and healthcare (5.02%). More moderate inflation was recorded in information and communication (0.05%), insurance and financial services (0.93%), and transport (1.78%). No category posted deflation in December. On a monthly basis, consumer prices rose 0.28%, slowing sharply from a 0.66% increase in November. Core inflation also cooled slightly, easing to 4.33% from 4.43% in the prior month.
Published on 2026-01-08

Mexico Inflation Rate Moderates at Year-End
Mexico’s annual inflation rate eased to 3.69% in December 2025 from 3.80% in November, coming in below market expectations of 3.80%. Price pressures were strongest in restaurants and lodging (7.35%), education services (5.81%), personal care, social security and miscellaneous goods (5.79%), and healthcare (5.02%). More moderate inflation was recorded in information and communication (0.05%), insurance and financial services (0.93%), and transport (1.78%). No category posted deflation in December. On a monthly basis, consumer prices rose 0.28%, slowing sharply from a 0.66% increase in November. Core inflation also cooled slightly, easing to 4.33% from 4.43% in the prior month.
Published on 2026-01-08

Mexico CPI Accelerates to Five-Month High
Mexico’s annual inflation accelerated to 3.80% in November 2025 from 3.57% in October, the highest since June and above expectations of 3.69%. Price pressures increased for food, beverages and tobacco (3.50% vs 3.32%), clothing and footwear (2.80% vs 2.32%), furniture and appliances (2.55% vs 1.70%), and healthcare (6% vs 5.52%). In contrast, housing inflation eased to 3.24% from 3.43%. Month-on-month, consumer prices rose 0.66%, up from 0.36% in October.
Published on 2025-12-09

Mexico CPI Accelerates to Five-Month High
Mexico’s annual inflation accelerated to 3.80% in November 2025 from 3.57% in October, the highest since June and above expectations of 3.69%. Price pressures increased for food, beverages and tobacco (3.50% vs 3.32%), clothing and footwear (2.80% vs 2.32%), furniture and appliances (2.55% vs 1.70%), and healthcare (6% vs 5.52%). In contrast, housing inflation eased to 3.24% from 3.43%. Month-on-month, consumer prices rose 0.66%, up from 0.36% in October.
Published on 2025-12-09