Mexico Inflation Rate Rises More Than Expected

2025-12-09 13:19 By Isabela Couto 1 min. read

Mexico’s annual inflation accelerated to 3.80% in November 2025 from 3.57% in October, the highest since June and above expectations of 3.69%.

Price pressures increased for food and non-alcoholic beverages (3% vs 2.64%), clothing and footwear (2.76% vs 2.30%), furniture, appliances and maintenance (3.59% vs 2.86%), transport (1.98% vs 1.35%), recreation and culture (4.48% vs 4.21%), and restaurants and hotels (7.62% vs 7.48%).

Mild deflation persisted in insurance and financial services, though less sharply (-0.04% vs -0.84%).

Inflation eased for alcoholic beverages and tobacco (3.44% vs 4.62%) and for housing and utilities (3.43% vs 3.68%).

Month-on-month, consumer prices rose 0.66%, up from 0.36% in October.

Core inflation quickened to 4.43%, the highest since March 2024.



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Mexico’s annual inflation accelerated to 3.80% in November 2025 from 3.57% in October, the highest since June and above expectations of 3.69%. Price pressures increased for food and non-alcoholic beverages (3% vs 2.64%), clothing and footwear (2.76% vs 2.30%), furniture, appliances and maintenance (3.59% vs 2.86%), transport (1.98% vs 1.35%), recreation and culture (4.48% vs 4.21%), and restaurants and hotels (7.62% vs 7.48%). Mild deflation persisted in insurance and financial services, though less sharply (-0.04% vs -0.84%). Inflation eased for alcoholic beverages and tobacco (3.44% vs 4.62%) and for housing and utilities (3.43% vs 3.68%). Month-on-month, consumer prices rose 0.66%, up from 0.36% in October. Core inflation quickened to 4.43%, the highest since March 2024.
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