Mexican Inflation Rises to 4-Month High

The annual inflation rate in Mexico rose to 3.93% in April of 2025 from 3.8% in the previous month, in line with market expectations, to reflect the sharpest pace of price growth so far this year.

Still, the rate remained below the upper threshold of the Bank of Mexico's inflation target of 4%.

Prices accelerated for food, beverages, and tobacco, (3.38% vs 2.98% in March) and services (4.56% vs 4.35%).

In turn, inflation was slightly lower for energy (2.47% vs 2.72%) and agricultural goods (4.13% vs 4.87%).

In the meantime, core inflation was firmly higher at 3.93%, picking up from the 2.64% in the previous month.

On a monthly basis, Mexican consumer prices rose by 0.33%.