The annual inflation rate in Mexico increased to 4.05 percent in August 2020 from 3.62 percent in the previous month and compared with market expectations of 4.02 percent. It was the highest inflation rate since May last year, as prices rose further for food & non-alcoholic beverages (7.45% vs 6.21% in July); housing & utilities (3.53% vs 3.23%); miscellaneous goods & services (4.15% vs 3.9%); furnishings (4.86% vs 4.55%); restaurants & hotels (4.2% vs 4.13%); and recreation & culture (2.19% vs 1.34%). Also, cost of transport rebounded (0.25% vs -0.18%) while price of communication fell less (-1.56% vs -1.81%). In contrast, prices slowed for health (4.52% vs 4.79%); and clothing & footwear (0.29% vs 0.44%). On a monthly basis, consumer prices advanced 0.39 percent, easing from a 0.66 percent gain in the prior month and matching forecasts. The core index, which strips out some volatile food and energy prices went up 0.32 percent, after rising 0.4 percent in July.
Inflation Rate in Mexico averaged 23.95 percent from 1974 until 2020, 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 September of 2020. source: Instituto Nacional de Estadística y Geografía (INEGI)
Inflation Rate in Mexico is expected to be 3.90 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 3.70 in 12 months time. In the long-term, the Mexico Inflation Rate is projected to trend around 3.60 percent in 2021 and 3.50 percent in 2022, according to our econometric models.