Mexico's annual inflation rate slowed to 7.65 percent in May of 2022, from 7.68 percent in the previous month, but remained close to an over 21-year high. Prices advanced faster for goods (9.55 percent vs. 9.33 percent in April), particularly food, beverages, and tobacco (11.27 percent v.s 10.88 percent), while they slowed for services (4.74 percent vs. 4.83 percent), mainly housing (2.84 percent vs. 2.86 percent). The core inflation rate increased further to 7.28 percent, the highest since January 2001, picking up from 7.22 percent in the prior month. On a monthly basis, consumer prices rose by 0.18 percent, easing from a 0.54 percent gain in April and mostly in line with analysts' expectations. source: Instituto Nacional de Estadística y Geografía (INEGI)

Inflation Rate in Mexico averaged 23.29 percent from 1974 until 2022, reaching an all time high of 179.73 percent in February of 1988 and a record low of 2.13 percent in December of 2015. This page provides - Mexico Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

Inflation Rate in Mexico is expected to be 7.66 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Inflation Rate is projected to trend around 4.00 percent in 2023 and 3.50 percent in 2024, according to our econometric models.

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Mexico Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-09 11:00 AM Apr 7.68% 7.45% 7.72% 7.78%
2022-06-09 11:00 AM May 7.65% 7.68% 7.62% 7.82%
2022-07-07 11:00 AM Jun 7.65% 7.98% 7.83%


Related Last Previous Unit Reference
Inflation Rate 7.65 7.68 percent May 2022
Inflation Rate Mom 0.18 0.54 percent May 2022
Consumer Price Index CPI 121.02 120.81 points May 2022
Core Inflation Rate 7.28 7.22 percent May 2022
Core Consumer Prices 119.77 119.07 points May 2022
GDP Deflator 156.17 150.75 points Mar 2022
Producer Prices 118.49 117.65 points May 2022
Mid-month Inflation Rate YoY 7.88 7.58 percent Jun 2022
Mid-month Inflation Rate MoM 0.49 -0.06 percent Jun 2022
Mid-month Core Inflation Rate YoY 7.47 7.24 percent Jun 2022
Mid-month Core Inflation Rate MoM 0.50 0.31 percent Jun 2022
CPI Transportation 117.69 116.62 points Apr 2022
Producer Prices Change 8.96 8.59 percent Apr 2022
Food Inflation 12.79 12.99 percent Apr 2022
CPI Housing Utilities 115.33 116.59 points Apr 2022

Mexico Inflation Rate
In Mexico, the most important categories in the CPI basket are Nonfood Goods (19.7 percent of the total weight); Housing (18.7 percent) and Other Services (18.4 percent). Food, Beverages and Tobacco account for 14.8 percent and Energy for 9.5 percent. Others include: Products subsidized by the government (5.3 percent); Education (5.1 percent); Meat and Eggs (4.8 percent) and Fruits and Vegetables (3.7 percent). The CPI index has a base of 100 as of December of 2010. The national index tracks 46 large, medium and small cities.
Actual Previous Highest Lowest Dates Unit Frequency
7.65 7.68 179.73 2.13 1974 - 2022 percent Monthly
2018=100

News Stream
Mexico Inflation Rate Remains High
Mexico's annual inflation rate slowed to 7.65 percent in May of 2022, from 7.68 percent in the previous month, but remained close to an over 21-year high. Prices advanced faster for goods (9.55 percent vs. 9.33 percent in April), particularly food, beverages, and tobacco (11.27 percent v.s 10.88 percent), while they slowed for services (4.74 percent vs. 4.83 percent), mainly housing (2.84 percent vs. 2.86 percent). The core inflation rate increased further to 7.28 percent, the highest since January 2001, picking up from 7.22 percent in the prior month. On a monthly basis, consumer prices rose by 0.18 percent, easing from a 0.54 percent gain in April and mostly in line with analysts' expectations.
2022-06-09
Mexico Inflation Rate at 21-Year High
The annual inflation rate in Mexico rose to 7.68 percent in April of 2022, accelerating from 7.45 percent in March but slightly under market expectations of 7.72 percent. It was the highest figure since January of 2001, as prices advanced faster for goods (9.33 percent vs 8.69 percent in March), particularly food, beverages, and tobacco (10.88 percent vs 10.08 percent), and services (4.83 percent vs 4.62 percent), led by housing (2.86 percent vs 2.72 percent). At the same time, prices also rose at a faster pace for energy goods (5.91 percent vs 5.23 percent). The core inflation rate increased further to 7.22 percent, also the highest since January of 2001, picking up from 6.78 percent in the prior month. On a monthly basis, consumer prices rose by 0.54 percent, slightly under expectations of 0.58 percent and easing from the 0.99 percent during the previous month.
2022-05-09
Mexico Inflation Rate at 21-Year High
The annual inflation rate in Mexico rose to 7.45 percent in March of 2022, accelerating from 7.28 percent in February and above market expectations of 7.36 percent. It was the highest figure since January of 2001, as prices advanced faster for goods (8.69 percent vs 6.59 percent in February), particularly food, beverages, and tobacco (10.08 percent vs 9.4 percent), while services rose at a constant rate (at 4.62 percent). The core inflation rate increased further to 6.78 percent, the highest since June of 2001, from 6.59 percent in February. On a monthly basis, consumer prices rose by 0.99 percent, above market expectations of 0.9 percent and picking up from a 0.83 percent increase in the prior month.
2022-04-07