Mexico Inflation Rate  1974-2017 | Data | Chart | Calendar | Forecast

Consumer prices in Mexico went up 6.37 percent year-on-year in October of 2017, slightly above 6.35 percent in the previous month and missing market expectations of 6.34 percent, mostly due to seasonal factors related to September's earthquakes. Cost grew faster for energy, education and housing and utilities while it slowed down for food and non-alcoholic beverages. The central bank expects inflation to stay above the 3-4 percent target in 2017 and to converge to 3 percent by the end of 2018. Inflation Rate in Mexico averaged 25.22 percent from 1974 until 2017, 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.

Mexico Inflation Rate
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Mexico Inflation Rate Rises Slightly in October


Consumer prices in Mexico went up 6.37 percent year-on-year in October of 2017, slightly above 6.35 percent in the previous month and missing market expectations of 6.34 percent, mostly due to seasonal factors related to September's earthquakes. Cost grew faster for energy, education and housing and utilities while it slowed down for food and non-alcoholic beverages. The central bank expects inflation to stay above the 3-4 percent target in 2017 and to converge to 3 percent by the end of 2018.

Prices went up faster for: energy (16.34 percent vs 15.26 percent in September); housing and utilities (2.65 percent vs 2.64 percent) and education (4.74 percent 4.73 percent). Meanwhile, cost slowed for food and non-alcoholic beverages (6.73 percent vs 7.05 percent).

On a monthly basis, consumer prices inched up 0.63 percent, compared to a 0.31 percent rise in September and slightly above market expectations of 0.6 percent.

The core index, which strips out some volatile food and energy prices, advanced 0.25 percent during the month and 4.77 percent year-on-year.

INEGI |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
11/9/2017 4:39:21 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-09-07 01:00 PM Inflation Rate YoY 6.66% 6.44% 6.66% 6.60%
2017-10-09 01:00 PM Inflation Rate YoY 6.35% 6.66% 6.48% 6.5%
2017-11-09 02:00 PM Inflation Rate YoY 6.37% 6.35% 6.34% 6.3%
2017-12-07 02:00 PM Inflation Rate YoY 6.37% 5.8%


Mexico Prices Last Previous Highest Lowest Unit
Inflation Rate 6.37 6.35 179.73 2.13 percent [+]
Inflation Rate Mom 0.63 0.31 15.46 -0.74 percent [+]
Consumer Price Index CPI 128.72 127.91 128.72 0.01 Index Points [+]
Core Consumer Prices 124.25 123.94 124.25 0.11 Index Points [+]
Core Inflation Rate 4.80 4.80 176.90 2.30 percent [+]
GDP Deflator 119.49 142.44 142.44 18.20 Index Points [+]
Producer Prices 117.78 116.45 117.78 60.18 Index Points [+]
Export Prices 109.98 109.26 143.98 32.38 Index Points [+]
Import Prices 225.24 225.03 230.11 42.20 Index Points [+]
CPI Transportation 102.11 99.99 102.79 0.06 Index Points [+]
Food Inflation 8.70 10.60 11.03 0.03 percent [+]


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. This page provides - Mexico Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico Inflation Rate - actual data, historical chart and calendar of releases - was last updated on November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
6.37 6.35 179.73 2.13 1974 - 2017 percent Monthly
Dec 2010=100




inflation rate by Country
Country Last
Australia 1.80 Sep/17
Brazil 2.70 Oct/17
Canada 1.40 Oct/17
China 1.90 Oct/17
Euro Area 1.40 Oct/17
France 1.10 Oct/17
Germany 1.60 Oct/17
India 3.58 Oct/17
Indonesia 3.58 Oct/17
Italy 1.00 Oct/17
Japan 0.70 Sep/17
Mexico 6.37 Oct/17
Netherlands 1.30 Oct/17
Russia 2.70 Oct/17
South Korea 1.80 Oct/17
Spain 1.60 Oct/17
Switzerland 0.70 Oct/17
Turkey 11.90 Oct/17
United Kingdom 3.00 Oct/17
United States 2.00 Oct/17