The annual inflation rate in Mexico fell to 4.37 percent in January 2019 from 4.83 percent in the previous month and below market expectations of 4.49 percent. It was the lowest inflation rate since December 2016, mainly due to a slowdown in cost of energy and food, beverages & tobacco. Inflation Rate in Mexico averaged 24.67 percent from 1974 until 2019, 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.

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. Looking forward, we estimate Inflation Rate in Mexico to stand at 3.20 in 12 months time. In the long-term, the Mexico Inflation Rate is projected to trend around 2.60 percent in 2020, according to our econometric models.

Mexico Inflation Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-11-08 02:00 PM Inflation Rate YoY 4.9% 5.02% 4.9% 4.9%
2018-12-07 02:00 PM Inflation Rate YoY 4.72% 4.9% 4.63% 4.7%
2019-01-09 02:00 PM Inflation Rate YoY 4.83% 4.72% 4.89% 4.9%
2019-02-07 02:00 PM Inflation Rate YoY 4.37% 4.83% 4.49% 4.7%
2019-03-07 02:00 PM Inflation Rate YoY 4.37%
2019-04-09 01:00 PM Inflation Rate YoY 4.1%
2019-05-09 01:00 PM Inflation Rate YoY



Mexico Annual Inflation Rate at Over 2 Year-Low

The annual inflation rate in Mexico fell to 4.37 percent in January 2019 from 4.83 percent in the previous month and below market expectations of 4.49 percent. It was the lowest inflation rate since December 2016, mainly due to a slowdown in cost of energy and food, beverages & tobacco.

Year-on-year, prices eased for food, beverages & tobacco (4.30 percent from 4.73 percent in December); energy (7.36 percent from 11.62 percent); housing (2.59 percent from 2.62 percent); and education (4.68 percent from 4.69 percent). On the other hand, cost increased further for other services including restaurants, telephone services, medical services and package tourist services (4.28 percent from 4.09 percent) and agricultural goods (7.41 percent from 7.06 percent), mostly driven by prices of fruits & vegetables (13.23 percent from 10.20 percent). 

On a monthly basis, consumer prices went up 0.1 percent, slowing from a 0.7 percent gain in December and below market consensus of a 0.2 percent rise. Prices rose at a softer pace for housing (0.24 percent from 0.19 percent); and agricultural goods (0.35 percent from 4.03 percent). Also, cost dropped for other services (-0.13 percent from 1.11 percent) and energy (-1.47 percent from -0.69 percent). Meanwhile, prices of food, beverages & tobacco advanced faster (0.48 percent from 0.46 percent).

The core index, which strips out some volatile food and energy prices rose by 0.20 percent month-over-month (vs 0.47 percent in December) and increased by 3.60 percent on a yearly basis (vs 3.69 percent in December).


INEGI |Stefanie Moya | stefanie.moya@tradingeconomics.com
2/7/2019 3:17:23 PM



Mexico Prices Last Previous Highest Lowest Unit
Inflation Rate 4.37 4.83 179.73 2.13 percent [+]
Inflation Rate Mom 0.09 0.70 15.46 -0.74 percent [+]
Consumer Price Index CPI 103.11 103.02 103.11 0.01 Index Points [+]
Core Consumer Prices 101.79 101.58 101.79 0.09 Index Points [+]
Core Inflation Rate 3.60 3.69 176.90 2.30 percent [+]
GDP Deflator 127.39 126.83 127.39 15.01 Index Points [+]
Producer Prices 130.12 130.81 130.81 61.28 Index Points [+]
Export Prices 107.65 110.67 143.98 32.38 Index Points [+]
Import Prices 233.64 233.77 234.44 42.20 Index Points [+]
Producer Prices Change 4.97 6.42 9.81 0.92 percent [+]
Inflation Expectations 3.98 3.87 17.21 3.19 Percent [+]
Cpi Housing Utilities 104.51 104.43 104.51 58.21 Index Points [+]
CPI Transportation 101.81 102.71 102.71 0.06 Index Points [+]
Food Inflation 5.31 5.47 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.37 4.83 179.73 2.13 1974 - 2019 percent Monthly
2018=100




Country Last Previous
Argentina 48.90 Jan/19
Australia 1.80 Dec/18
Brazil 3.78 Jan/19
Canada 2.00 Dec/18
China 1.70 Jan/19
Euro Area 1.40 Jan/19
France 1.20 Jan/19
Germany 1.40 Jan/19
India 2.05 Jan/19
Indonesia 2.82 Jan/19
Italy 0.90 Jan/19
Japan 0.30 Dec/18
Mexico 4.37 Jan/19
Netherlands 2.20 Jan/19
Russia 5.00 Jan/19
Saudi Arabia 2.20 Dec/18
Singapore 0.50 Dec/18
South Africa 4.50 Dec/18
South Korea 0.80 Jan/19
Spain 1.00 Jan/19
Switzerland 0.60 Jan/19
Turkey 20.35 Jan/19
United Kingdom 1.80 Jan/19
United States 1.60 Jan/19


Related

Latest