The monthly inflation rate in Mexico went up 0.1 percent in January of 2019, slowing from a 0.7 percent gain in December and below market consensus of a 0.2 percent rise. Prices rose at a softer pace for housing (0.24 percent from 0.19 percent); and agricultural goods (0.35 percent from 4.03 percent). Also, cost dropped for other services (-0.13 percent from 1.11 percent) and energy (-1.47 percent from -0.69 percent). Meanwhile, prices of food, beverages & tobacco advanced faster (0.48 percent from 0.46 percent). Inflation Rate Mom in Mexico averaged 1.55 percent from 1969 until 2019, 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 0.60 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 0.30 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.