Mexico’s annual inflation rate rose for the third month to 3.75% in October 2026, the highest level since May, up from September's 3.45%. The reading overshot market expectations of 3.65% and moved further above Banxico’s 3% target. Price increases were broad-based, with food and non-alcoholic beverages (3.55% vs 2.55% in September), of which fruit and vegetables (13.19% vs 8.78%) and housing & utilities (3.60% vs 3.33%) among the key contributors. Additional upward pressure also came from alcoholic beverages & tobacco (7% vs 7.31%); insurance & financial services (7.55% vs 5.88%) and restaurants & hotels (6.20% vs 6.19%). The core inflation edged up to 3.80% from 3.75% in September, broadly in line with forecasts of 3.78%. Monthly, the CPI rose by 0.65%, up from 0.42% in September and above market expectations of 0.55%. Fruit and vegetable prices grew by 2.35%, while energy prices and government-regulated tariffs rose by 2.13%, partly due to the end of summer electricity subsidies. source: Instituto Nacional de Estadística y Geografía (INEGI)

Inflation Rate in Mexico increased to 3.75 percent in October from 3.45 percent in September of 2026. Inflation Rate in Mexico averaged 21.76 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 November of 2026.

Inflation Rate in Mexico increased to 3.75 percent in October from 3.45 percent in September of 2026. Inflation Rate in Mexico is expected to be 3.50 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 2027 and 3.10 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-10-08 12:00 PM
Inflation Rate YoY
Sep 3.45% 3.26% 3.47% 3.5%
2026-11-09 12:00 PM
Inflation Rate YoY
Oct 3.75% 3.45% 3.65% 3.65%
2026-12-09 12:00 PM
Inflation Rate YoY
Nov 3.75%


Related Last Previous Unit Reference
Consumer Price Index CPI 147.03 146.08 points Oct 2026
Core Consumer Prices 147.01 146.52 points Oct 2026
Core Inflation Rate YoY 3.80 3.75 percent Oct 2026
CPI Housing Utilities 129.25 127.36 points Oct 2026
CPI Transportation 137.03 136.43 points Oct 2026
Food Inflation 3.55 2.55 percent Oct 2026
GDP Deflator 143.60 142.00 points Jun 2026
Inflation Rate YoY 3.75 3.45 percent Oct 2026
Inflation Rate MoM 0.65 0.42 percent Oct 2026
Mid-month Core Inflation Rate MoM 0.25 0.17 percent Oct 2026
Mid-month Core Inflation Rate YoY 3.78 3.79 percent Oct 2026
Mid-month Inflation Rate MoM 0.41 0.33 percent Oct 2026
Mid-month Inflation Rate YoY 3.62 3.42 percent Oct 2026
Producer Prices 139.01 136.78 points Oct 2026
Producer Prices Change 5.60 4.05 percent Oct 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
3.75 3.45 179.73 2.13 1974 - 2026 percent Monthly
2018=100

News Stream
Mexico Inflation Rate Higher than Expected
Mexico’s annual inflation rate rose for the third month to 3.75% in October 2026, the highest level since May, up from September's 3.45%. The reading overshot market expectations of 3.65% and moved further above Banxico’s 3% target. Price increases were broad-based, with food and non-alcoholic beverages (3.55% vs 2.55% in September), of which fruit and vegetables (13.19% vs 8.78%) and housing & utilities (3.60% vs 3.33%) among the key contributors. Additional upward pressure also came from alcoholic beverages & tobacco (7% vs 7.31%); insurance & financial services (7.55% vs 5.88%) and restaurants & hotels (6.20% vs 6.19%). The core inflation edged up to 3.80% from 3.75% in September, broadly in line with forecasts of 3.78%. Monthly, the CPI rose by 0.65%, up from 0.42% in September and above market expectations of 0.55%. Fruit and vegetable prices grew by 2.35%, while energy prices and government-regulated tariffs rose by 2.13%, partly due to the end of summer electricity subsidies.
2026-11-09
Mexico Inflation Rate Picks Up as Expected
Mexico’s annual inflation rate rose to 3.45% in September 2026, the highest level since May, up from 3.26% in August. The reading was broadly in line with market expectations but moved further above Banxico’s 3% target. Energy inflation accelerated sharply to 1.48% from 0.81%, while price growth also increased for transportation (3.51% vs. 3.43%) and housing and utilities (3.33% vs. 3.06%). Food inflation rose to 2.55% from 1.49%, its highest level since May, adding further upward pressure. In contrast, inflation for restaurants and hotels slowed to 6.19% from 6.27%. Core inflation also eased further to 3.75% from 3.88%. From the previous month, consumer prices rose 0.42%, accelerating from a 0.20% increase in August.
2026-10-08
Mexico Inflation Rate Accelerates as Expected
Mexico's annual inflation rate quickened for the first time in five months to 3.26% in August 2026 from 3.12% in the previous month. The reading came broadly in line with market expectations, although moving away from Banxico's 3% target. Inflation accelerated sharply for food products, rising to 1.49% from 0.78% in July, and transport, which edged up to 3.43% after a 3.21% rise. Additional upward pressure was due to higher inflation for clothing and footwear (2.16% vs 1.6%), recreation and culture (3.85% vs 3.63%) and education (6.02% vs 5.91%). Energy inflation, however, slowed sharply to 0.81% from 1.16%, while inflation also softened for housing and utilities (3.06% vs 3.23%). Core inflation also eased, slowing to 3.88% from 3.95%. On a monthly basis, consumer prices rose 0.2%, accelerating from a 0.03% rise in the prior month.
2026-09-09