The annual inflation rate in Mexico decreased to 4.72 percent in November 2018 from 4.90 percent in the previous month but came above market expectations of 4.63 percent. It is the lowest inflation rate since June, amid slowing prices of energy and food, beverages & tobacco. Inflation Rate in Mexico averaged 24.74 percent from 1974 until 2018, 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 4.70 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 4.10 in 12 months time. In the long-term, the Mexico Inflation Rate is projected to trend around 3.10 percent in 2020, according to our econometric models.

Mexico Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-07 01:00 PM Inflation Rate YoY 4.9% 4.81% 4.83% 4.8%
2018-10-09 01:00 PM Inflation Rate YoY 5.02% 4.9% 5.01% 5.0%
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 4.72% 4.70%
2019-02-07 02:00 PM Inflation Rate YoY
2019-03-07 02:00 PM Inflation Rate YoY



Mexico Inflation Rate Slows to 5-Month Low of 4.72%



The annual inflation rate in Mexico decreased to 4.72 percent in November 2018 from 4.90 percent in the previous month but above market expectations of 4.63 percent. It is the lowest inflation rate since June, amid slowing prices of energy and food, beverages & tobacco.

Year-on-year, prices increased less for energy (13.26 percent vs 17.10 percent in October); food, beverages & tobacco (4.79 percent vs 4.84 percent) and other services including restaurants, telephone services, medical services and package tourist services (3.98 percent vs 4.30 percent). Meantime, inflation was steady for education (at 4.69 percent) while it edged up for housing & utilities (2.60 percent vs 2.59 percent). Agricultural prices were also higher (4.78 percent vs 2.43 percent), as cost advanced significantly for both fruit (6.02 percent vs 2.06 percent) and livestock (3.15 percent vs 2.52 percent).

On a monthly basis, consumer prices inched up 0.85 percent, following a 0.52 percent rise in October and beating market consensus of a 0.77 percent gain. Main upward pressure came from prices of electricity (23.39 percent vs 17.82 percent), as summertime residential subsidies ended in a number of cities; and agricultural products (3.48 percent vs -0.70 percent), including fruit (6.87 percent vs -1.21 percent) and livestock products (0.68 percent vs -0.28 percent). Conversely, cost decreased for domestic gas (-4.50 percent vs 0.90 percent).

The core index, which strips out some volatile food and energy prices increased by 0.25 percent during the month (vs 0.31 percent in October) and went up by 3.63 percent on a yearly basis (vs 3.73 percent in October).



INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
12/7/2018 2:56:05 PM



Mexico Prices Last Previous Highest Lowest Unit
Inflation Rate 4.72 4.90 179.73 2.13 percent [+]
Inflation Rate Mom 0.85 0.52 15.46 -0.74 percent [+]
Consumer Price Index CPI 102.30 101.44 102.30 0.01 Index Points [+]
Core Consumer Prices 101.11 100.86 101.11 0.09 Index Points [+]
Core Inflation Rate 3.63 3.73 176.90 2.30 percent [+]
GDP Deflator 127.39 126.83 127.39 15.01 Index Points [+]
Producer Prices 130.33 128.55 130.33 61.28 Index Points [+]
Export Prices 117.31 115.40 143.98 32.38 Index Points [+]
Import Prices 234.44 234.29 234.44 42.20 Index Points [+]
Producer Prices Change 6.51 6.26 9.81 0.92 percent [+]
Inflation Expectations 3.80 3.70 17.21 3.19 Percent [+]
Cpi Housing Utilities 104.26 102.52 104.26 58.21 Index Points [+]
CPI Transportation 102.55 102.38 102.55 0.06 Index Points [+]
Food Inflation 4.70 3.84 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.72 4.90 179.73 2.13 1974 - 2018 percent Monthly
2018=100




Country Last Previous
Argentina 48.00 Nov/18
Australia 1.90 Sep/18
Brazil 4.05 Nov/18
Canada 2.40 Oct/18
China 2.20 Nov/18
Euro Area 2.00 Nov/18
France 1.90 Nov/18
Germany 2.30 Nov/18
India 2.33 Nov/18
Indonesia 3.23 Nov/18
Italy 1.60 Nov/18
Japan 1.40 Oct/18
Mexico 4.72 Nov/18
Netherlands 2.00 Nov/18
Russia 3.80 Nov/18
Saudi Arabia 2.40 Oct/18
Singapore 0.70 Oct/18
South Africa 5.20 Nov/18
South Korea 2.00 Nov/18
Spain 1.70 Nov/18
Switzerland 0.90 Nov/18
Turkey 21.62 Nov/18
United Kingdom 2.40 Oct/18
United States 2.20 Nov/18


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