Mexico's annual inflation rate dropped to 3.16 percent in August 2019 from 3.78 percent in the previous month and slightly below market forecasts of 3.2 percent. It was the lowest inflation rate since October 2016, mostly due to a fall in cost of energy. Inflation Rate in Mexico averaged 24.40 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 3.00 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 2.90 percent in 2020, according to our econometric models.

Mexico Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-07 01:00 PM Inflation Rate YoY May 4.28% 4.41% 4.36% 4.2%
2019-07-09 11:00 AM Inflation Rate YoY Jun 3.95% 4.28% 3.95% 3.6%
2019-08-08 11:00 AM Inflation Rate YoY Jul 3.78% 3.95% 3.79% 3.8%
2019-09-09 11:00 AM Inflation Rate YoY Aug 3.16% 3.78% 3.2% 3.2%
2019-10-09 11:00 AM Inflation Rate YoY Sep 3.16% 3%
2019-11-07 12:00 PM Inflation Rate YoY Oct 3.1%
2019-12-09 12:00 PM Inflation Rate YoY Nov 3.2%



Mexico August Inflation Rate Falls to Nearly 3-Year Low

Mexico's annual inflation rate dropped to 3.16 percent in August 2019 from 3.78 percent in the previous month and slightly below market forecasts of 3.2 percent. It was the lowest inflation rate since October 2016, mostly due to a fall in cost of energy.

Year-on-year, energy prices declined 1.53 percent in August, after rising 0.76 percent in July. In addition, cost of food, beverages & tobacco rose 4.63 percent, slowing from a 4.87 percent gain in the prior month; and agriculture goods inflation eased to 2.78 percent from 6.33 percent, mainly due to fruits and vegetables prices (-0.75 percent from 5.61 percent) and livestock goods (5.77 percent from 7.06 percent). 

On the other hand, cost of non-food goods advanced 2.85 percent, faster than a 2.78 percent rise in the prior month. Also, inflation was steady for services (at 3.79 percent), of which other services (4.40 percent, the same as in July), education (4.66 percent from 4.91 percent), and housing (2.92 percent from 2.86 percent).

On a monthly basis, consumer prices went down 0.02 percent in August, after a 0.38 percent increase in July and compared with market consensus of a 0.02 percent gain. Agriculture goods prices decreased 1.5 percent, following a 2 percent rise in the previous month; and energy costs dropped at a faster pace (-0.37 percent from -0.19 percent). Additionally, service inflation slowed to 0.09 percent from 0.38 percent in July. Meanwhile, goods prices rose further (0.3 percent from 0.15 percent).

The core index, which strips out some volatile food and energy prices went up 0.2 percent from a month earlier (from  0.26 percent in July) and by 3.16 percent over the previous year (from 3.82 percent in July).


INEGI | Stefanie Moya | stefanie.moya@tradingeconomics.com
9/9/2019 11:25:07 AM



Mexico Prices Last Previous Highest Lowest Unit
Inflation Rate 3.16 3.78 179.73 2.13 percent [+]
Inflation Rate Mom -0.02 0.38 15.46 -0.74 percent [+]
Consumer Price Index CPI 103.67 103.69 103.69 0.01 Index Points [+]
Core Consumer Prices 104.01 103.79 104.01 0.09 Index Points [+]
Core Inflation Rate 3.16 3.82 176.90 2.30 percent [+]
GDP Deflator 131.48 131.27 131.48 15.01 Index Points [+]
Producer Prices 99.45 100.00 100.00 48.57 Index Points [+]
Export Prices 114.17 113.37 143.98 32.38 Index Points [+]
Import Prices 232.48 232.56 234.72 42.20 Index Points [+]
Producer Prices Change 2.88 3.38 9.81 0.92 percent [+]
Inflation Expectations 3.76 3.88 17.21 3.19 Percent [+]
Cpi Housing Utilities 101.38 101.28 105.10 58.21 Index Points [+]
CPI Transportation 103.98 104.29 104.29 0.06 Index Points [+]
Food Inflation 3.86 5.44 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.16 3.78 179.73 2.13 1974 - 2019 percent Monthly
2018=100




Country Last Previous
Argentina 53.60 Aug/19
Australia 1.60 Jun/19
Brazil 3.43 Aug/19
Canada 1.90 Aug/19
China 2.80 Aug/19
Euro Area 1.00 Aug/19
France 1.00 Aug/19
Germany 1.40 Aug/19
India 3.21 Aug/19
Indonesia 3.49 Aug/19
Italy 0.40 Aug/19
Japan 0.30 Aug/19
Mexico 3.16 Aug/19
Netherlands 2.80 Aug/19
Russia 4.30 Aug/19
Saudi Arabia -1.30 Jul/19
Singapore 0.50 Aug/19
South Africa 4.30 Aug/19
South Korea 0.00 Aug/19
Spain 0.30 Aug/19
Switzerland 0.30 Aug/19
Turkey 15.01 Aug/19
United Kingdom 1.70 Aug/19
United States 1.70 Aug/19


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