Mexico’s annual inflation rate eased to 5.59% in August of 2021 from 5.81% in July and almost aligned with market expectations of 5.60%. It was the slowest increase in consumer prices since March, as the inflation rate softened for the fourth month in a row towards the central bank's 3% target range after two interest rate hikes. Inflationary pressure eased in transports (7.01% vs 7.25% in July); housing & utilities (3.95% vs 6.14%); recreation & culture (4.15% vs 4.73%); and communications (1.16% vs 1.18%). Meanwhile, costs climbed faster in food & non-alcoholic beverages (7.94% vs 7.30%); and restaurants & hotels (6.46% vs 6.21%). The annual core inflation rate, excluding volatile items such as unprocessed food and energy, rose to a 9-month high of 4.78% in August, from 4.66% in the previous month. On a monthly basis, consumer prices edged up 0.19%, slowing from a 0.59% gain in July, slightly below market forecasts of a 0.20% rise. source: Instituto Nacional de Estadística y Geografía (INEGI)

Inflation Rate in Mexico averaged 23.54 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 September of 2021.

Inflation Rate in Mexico is expected to be 5.80 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 2022 and 2.80 percent in 2023, according to our econometric models.

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Mexico Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.59 5.81 179.73 2.13 1974 - 2021 percent Monthly
2018=100


Calendar GMT Actual Previous Consensus TEForecast
2021-06-09 11:00 AM May 5.89% 6.08% 5.86% 5.9%
2021-07-08 11:00 AM Jun 5.88% 5.89% 5.86% 5.8%
2021-08-09 11:00 AM Jul 5.81% 5.88% 5.77% 5.8%
2021-09-09 11:00 AM Aug 5.59% 5.81% 5.6% 5.7%
2021-10-08 11:00 AM Sep 5.59%
2021-11-09 12:00 PM Oct
2021-12-09 12:00 PM Nov


News Stream
Mexico Inflation Rate Eases to 5-Month Low
Mexico’s annual inflation rate eased to 5.59% in August of 2021 from 5.81% in July and almost aligned with market expectations of 5.60%. It was the slowest increase in consumer prices since March, as the inflation rate softened for the fourth month in a row towards the central bank's 3% target range after two interest rate hikes. Inflationary pressure eased in transports (7.01% vs 7.25% in July); housing & utilities (3.95% vs 6.14%); recreation & culture (4.15% vs 4.73%); and communications (1.16% vs 1.18%). Meanwhile, costs climbed faster in food & non-alcoholic beverages (7.94% vs 7.30%); and restaurants & hotels (6.46% vs 6.21%). The annual core inflation rate, excluding volatile items such as unprocessed food and energy, rose to a 9-month high of 4.78% in August, from 4.66% in the previous month. On a monthly basis, consumer prices edged up 0.19%, slowing from a 0.59% gain in July, slightly below market forecasts of a 0.20% rise.
2021-09-09
Mexico July Inflation Rate Slows Less than Expected
The annual inflation rate in Mexico eased for a third straight month to 5.81% in July of 2021 from 5.88% in June but slightly above market expectations of 5.77% and the central bank's 3% target range. It was the lowest inflation rate since March, amid a slight slowdown in prices of transports (7.25% vs 9.68% in June). Meanwhile, costs continued to climb mostly for food & non-alcoholic beverages (7.30% vs 6.76%); housing & utilities (6.14% vs 5.51%), recreation & culture (4.73% vs 4.36%) and restaurants & hotels (6.21% vs 5.78%). The annual core inflation rate, excluding volatile items such as unprocessed food and energy, rose to 4.66% in July, the highest since last November, from 4.58% in the previous month. On a monthly basis, consumer prices went up 0.59%, following a 0.53% increase in the prior month, slightly above market forecasts of a 0.55% rise.
2021-08-09
Mexico Inflation Rate Almost Unchanged at 5.88%
Consumer prices in Mexico climbed 5.88% in June of 2021, following a 5.89% rise in the previous month and slightly above market expectations of a 5.86% increase. Main upward pressure came from prices of food & non-alcoholic beverages (6.76% vs 5.65% in May) and transports (9.68% vs 12.94%). Significant contributions also came from housing & utilities (5.51% vs 5.33%), restaurants & utilities (5.78% vs 5.13%), miscellaneous goods & services (4.07% vs 4.29%), clothing & footwear (5.27% vs 5.81%), and recreation & culture (4.36% vs 4.22%). The annual core inflation rate, excluding volatile items such as unprocessed food and energy, quickened to 4.58% in June, the highest since last November, from 4.37% in the previous month. On a monthly basis, consumer prices edged up 0.53%, following a 0.2% gain in April and slightly above market expectations of a 0.51% increase.
2021-07-08
Mexico May Inflation Rate Drops to 5.89%
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.
2021-06-09

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.