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.