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. source: Instituto Nacional de Estadística y Geografía (INEGI)

Inflation Rate in Mexico decreased to 3.94 percent in May from 4.45 percent in April of 2026. Inflation Rate in Mexico averaged 21.90 percent from 1974 until 2026, 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 June of 2026.

Inflation Rate in Mexico decreased to 3.94 percent in May from 4.45 percent in April of 2026. Inflation Rate in Mexico is expected to be 4.10 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 3.30 percent in 2027 and 3.10 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-07 12:00 PM
Inflation Rate YoY
Apr 4.45% 4.59% 4.50% 4.5%
2026-06-09 12:00 PM
Inflation Rate YoY
May 3.94% 4.45% 4.03% 4.1%
2026-07-09 12:00 PM
Inflation Rate YoY
Jun 3.94% 4.1%


Related Last Previous Unit Reference
Consumer Price Index CPI 145.53 145.83 points May 2026
Core Consumer Prices 145.32 144.99 points May 2026
Core Inflation Rate YoY 4.19 4.26 percent May 2026
CPI Housing Utilities 126.21 127.28 points May 2026
CPI Transportation 136.09 135.82 points May 2026
Food Inflation 5.13 6.36 percent May 2026
GDP Deflator 139.10 138.50 points Dec 2025
Inflation Rate YoY 3.94 4.45 percent May 2026
Inflation Rate MoM -0.21 0.20 percent May 2026
Mid-month Core Inflation Rate MoM 0.13 0.18 percent May 2026
Mid-month Core Inflation Rate YoY 4.22 4.27 percent May 2026
Mid-month Inflation Rate MoM -0.16 0.11 percent May 2026
Mid-month Inflation Rate YoY 4.11 4.53 percent May 2026
Producer Prices 136.09 135.71 points May 2026
Producer Prices Change 2.98 2.56 percent May 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
3.94 4.45 179.73 2.13 1974 - 2026 percent Monthly
2018=100

News Stream
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.
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.
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%.
2026-04-09