Mexico Inflation Rate  1974-2017 | Data | Chart | Calendar | Forecast

Consumer prices in Mexico jumped 6.31 percent year-on-year in June of 2017, following a 6.16 percent rise in May but below market expectations of 6.34 percent. The inflation rate accelerated for the twelfth straight month, reaching the highest since December of 2008, led by cost of housing and utilities, food and energy. Consumer prices spiked in January after the liberalization of gasoline cost. The central bank expects inflation to stay above the 3-4 percent target in 2017 and to converge to 3 percent by the end of 2018. Inflation Rate in Mexico averaged 25.37 percent from 1974 until 2017, 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.

Mexico Inflation Rate
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Calendar GMT Actual Previous Consensus Forecast (i)
2017-05-09 01:00 PM Apr 5.82% 5.35% 5.71% 5.6%
2017-06-08 01:00 PM May 6.16% 5.82% 6.15% 6.1%
2017-07-07 01:00 PM Jun 6.31% 6.16% 6.34% 6.5%
2017-08-09 01:00 PM Jul 6.31% 6.45%
2017-09-07 01:00 PM Aug 6.57%
2017-10-09 01:00 PM Sep 7.1%




Mexico Inflation Rate Highest In Over 8 Years


Consumer prices in Mexico jumped 6.31 percent year-on-year in June of 2017, following a 6.16 percent rise in May but below market expectations of 6.34 percent. The inflation rate accelerated for the twelfth straight month, reaching the highest since December of 2008, led by cost of housing and utilities, food and energy. Consumer prices spiked in January after the liberalization of gasoline cost. The central bank expects inflation to stay above the 3-4 percent target in 2017 and to converge to 3 percent by the end of 2018.

Prices continued to rise for housing and utilities (2.57 percent vs 2.56 percent in May) and food, beverages and tobacco (6.90 percent vs 6.78 percent). Meanwhile, cost slowed for energy (15.20 percent vs 16.09 percent) and education (4.37 percent vs 4.40 percent).

The core index which strips out some volatile food and energy prices advanced 4.83 percent, following a 4.78 percent rise in May.

On a monthly basis, consumer prices went up 0.25 percent compared to a 0.12 percent fall in the previous month and the core index went up 0.30 percent, following a 0.28 percent increase.

INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
7/7/2017 1:54:46 PM



Mexico Prices Last Previous Highest Lowest Unit
Inflation Rate 6.31 6.16 179.73 2.13 percent [+]
Inflation Rate Mom 0.25 -0.12 15.46 -0.74 percent [+]
Consumer Price Index CPI 126.41 126.09 126.41 0.01 Index Points [+]
Core Consumer Prices 122.95 122.57 122.95 0.11 Index Points [+]
Core Inflation Rate 4.83 4.78 176.90 2.30 percent [+]
GDP Deflator 142.40 138.19 142.40 18.20 Index Points [+]
Producer Prices 116.03 116.82 117.56 60.18 Index Points [+]
Export Prices 105.29 105.44 143.98 32.38 Index Points [+]
Import Prices 223.13 223.72 230.11 42.20 Index Points [+]
Cpi Transportation 101.68 101.32 102.79 0.06 Index Points [+]
Food Inflation 8.00 7.00 11.03 0.03 percent [+]


Mexico Inflation Rate Notes

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 July of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
6.31 6.16 179.73 2.13 1974 - 2017 percent Monthly
Dec 2010=100



inflation rate by Country

Last
Australia 2.10 Mar/17
Brazil 3.00 Jun/17
Canada 1.00 Jun/17
China 1.50 Jun/17
Euro Area 1.30 Jun/17
France 0.70 Jun/17
Germany 1.60 Jun/17
India 1.54 Jun/17
Indonesia 4.37 Jun/17
Italy 1.20 Jun/17
Japan 0.40 May/17
Mexico 6.31 Jun/17
Netherlands 1.10 Jun/17
Russia 4.40 Jun/17
South Korea 1.90 Jun/17
Spain 1.50 Jun/17
Switzerland 0.20 Jun/17
Turkey 10.90 Jun/17
United Kingdom 2.60 Jun/17
United States 1.60 Jun/17