The annual inflation rate in Mexico eased to 5.89% in May of 2021 from 6.08% in the prior month and slightly above market expectations of 5.86%. Prices slowed mostly for transport (12.94% vs 16.10% in April); housing & utilities (5.33% vs 5.50%); health (4.29% vs 4.45%) and alcoholic beverages & tobacco (1.14% vs 3.63%). Meanwhile, inflation edged higher for food & non-alcoholic beverages (5.65% vs 5.45%); clothing & footwear (5.81% vs 2.73%); restaurants & hotels (5.13% vs 4.68%) and recreation & culture (4.22% vs 3.71%). The annual core inflation rate, excluding volatile items such as unprocessed food and energy, rose to 4.37% in May, the highest since last November, from 4.13% in the previous month. On a monthly basis, consumer prices went up 0.2%, following a 0.33% rise in April and broadly in line with market expectations of a 0.17% increase. source: Instituto Nacional de Estadística y Geografía (INEGI)
Inflation Rate in Mexico averaged 23.63 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 June of 2021.
Inflation Rate in Mexico is expected to be 6.50 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 6.90 in 12 months time. 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.