The monthly inflation rate in Mexico rose 0.39 percent in March 2019 from a flat reading in the prior month and below market consensus of 0.41 percent. Prices increased further for housing (0.30 percent compared to 0.28 percent) and fell at slower pace for agricultural goods (-0.67 percent compared to -4.28 percent), namely fruits & vegetables (-1.23 percent compared to -9.13 percent). Meanwhile, cost eased for food, beverages & tobacco (0.38 percent compared to 0.54 percent) and education (0.02 percent compared to 0.60 percent). Inflation Rate Mom in Mexico averaged 1.54 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 0.40 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 0.50 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.