Consumer prices in Mexico inched up 0.85 percent month-over-month in November 2018, after a 0.52 percent rise in October and beating market consensus of a 0.77 percent gain. Main upward pressure came from prices of electricity (23.39 percent vs 17.82 percent), as summertime residential subsidies ended in a number of cities; and agricultural products (3.48 percent vs -0.70 percent), including fruit (6.87 percent vs -1.21 percent) and livestock products (0.68 percent vs -0.28 percent). Conversely, cost decreased for domestic gas (-4.50 percent vs 0.90 percent) Inflation Rate Mom in Mexico averaged 1.55 percent from 1969 until 2018, reaching an all time high of 15.46 percent in January of 1988 and a record low of -0.74 percent in May of 2011.
Inflation Rate Mom in Mexico is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Mexico to stand at -0.10 in 12 months time. In the long-term, the Mexico Inflation Rate MoM is projected to trend around 0.30 percent in 2020, according to our econometric models.