The annual inflation rate in Mexico increased to 3.33 percent in June 2020 from 2.84 percent in May and above market expectations of 3.2 percent. Prices rose further for housing & utilities (2.74% vs 1.91% in May); miscellaneous goods & services (3.5% vs 3.23%); furnishings (3.82% vs 2.76%); restaurants & hotels (4.14% vs 4.09%); and recreation & culture (1.82% vs 1.62%). Also, cost fell less for transport (-2.16% vs -5.38%); clothing & footwear (-0.7% vs -1.61%); and communication (-1.72% vs -1.78%). Meanwhile, cost of food & non-alcoholic beverages slowed (6.87% vs 7.6%). On a monthly basis, consumer prices went up 0.55 percent, following a 0.38 percent gain in the prior month and compared with forecasts of a 0.42 percent increase. The core index, which strips out some volatile food and energy prices rose 0.37 percent, after a 0.3 percent gain in May.
Inflation Rate in Mexico averaged 24.02 percent from 1974 until 2020, 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 August of 2020. source: Instituto Nacional de Estadística y Geografía (INEGI)
Inflation Rate in Mexico is expected to be 2.50 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 3.10 in 12 months time. In the long-term, the Mexico Inflation Rate is projected to trend around 3.20 percent in 2021 and 3.00 percent in 2022, according to our econometric models.