Mexico’s annual inflation rate eased to 5.59% in August of 2021 from 5.81% in July and almost aligned with market expectations of 5.60%. It was the slowest increase in consumer prices since March, as the inflation rate softened for the fourth month in a row towards the central bank's 3% target range after two interest rate hikes. Inflationary pressure eased in transports (7.01% vs 7.25% in July); housing & utilities (3.95% vs 6.14%); recreation & culture (4.15% vs 4.73%); and communications (1.16% vs 1.18%). Meanwhile, costs climbed faster in food & non-alcoholic beverages (7.94% vs 7.30%); and restaurants & hotels (6.46% vs 6.21%). The annual core inflation rate, excluding volatile items such as unprocessed food and energy, rose to a 9-month high of 4.78% in August, from 4.66% in the previous month. On a monthly basis, consumer prices edged up 0.19%, slowing from a 0.59% gain in July, slightly below market forecasts of a 0.20% rise. source: Instituto Nacional de Estadística y Geografía (INEGI)
Inflation Rate in Mexico averaged 23.54 percent from 1974 until 2021, 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 2021.
Inflation Rate in Mexico is expected to be 5.80 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 3.00 percent in 2022 and 2.80 percent in 2023, according to our econometric models.