Mexico's annual inflation rate eased to 3.12% in July from 3.37% in June, marking its lowest level since May 2020 and matching market expectations. The reading brought inflation closer to Banxico's 3% target, within a tolerance range of ±1 percentage point. There was a broad-based slowdown in prices, including for food and non-alcoholic beverages (0.78% vs 1.66% in June), housing and utilities (3.23% vs 3.34%), and transportation (3.21% vs 3.36%). Energy inflation also edged down to 1.16% from 1.39%, while services inflation eased to 4.36% from 4.49%, although it remained elevated. Slower price increases were also recorded for alcoholic beverages and tobacco (7.34% vs 7.66%), insurance and financial services (6.41% vs 6.74%), restaurants and hotels (6.37% vs 6.63%), education services (5.91% vs 5.93%), healthcare (4.80% vs 4.84%), and recreation, sport and culture (3.63% vs 3.73%). Annual core inflation rate fell to 3.95%, the lowest since April 2025. Monthly, the CPI was almost flat. source: Instituto Nacional de Estadística y Geografía (INEGI)

Inflation Rate in Mexico decreased to 3.12 percent in July from 3.37 percent in June of 2026. Inflation Rate in Mexico averaged 21.84 percent from 1974 until 2026, 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 August of 2026.

Inflation Rate in Mexico decreased to 3.12 percent in July from 3.37 percent in June of 2026. Inflation Rate in Mexico is expected to be 3.00 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 3.00 percent in 2027 and 3.10 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-09 12:00 PM
Inflation Rate YoY
Jun 3.37% 3.94% 3.52% 3.5%
2026-08-07 12:00 PM
Inflation Rate YoY
Jul 3.12% 3.37% 3.12% 3.2%
2026-09-09 12:00 PM
Inflation Rate YoY
Aug 3.12% 3.0%


Related Last Previous Unit Reference
Consumer Price Index CPI 145.17 145.13 points Jul 2026
Core Consumer Prices 146.00 145.67 points Jul 2026
Core Inflation Rate YoY 3.95 4.03 percent Jul 2026
CPI Housing Utilities 126.76 126.56 points Jul 2026
CPI Transportation 136.31 136.14 points Jul 2026
Food Inflation 0.78 1.66 percent Jul 2026
GDP Deflator 142.00 139.20 points Mar 2026
Inflation Rate YoY 3.12 3.37 percent Jul 2026
Inflation Rate MoM 0.03 -0.27 percent Jul 2026
Mid-month Core Inflation Rate MoM 0.16 0.19 percent Jul 2026
Mid-month Core Inflation Rate YoY 3.95 4.12 percent Jul 2026
Mid-month Inflation Rate MoM 0.07 -0.11 percent Jul 2026
Mid-month Inflation Rate YoY 3.10 3.55 percent Jul 2026
Producer Prices 135.69 135.55 points Jul 2026
Producer Prices Change 2.56 2.10 percent Jul 2026


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
3.12 3.37 179.73 2.13 1974 - 2026 percent Monthly
2018=100

News Stream
Mexico Inflation Rate Slows to Over 6-Year Low
Mexico's annual inflation rate eased to 3.12% in July from 3.37% in June, marking its lowest level since May 2020 and matching market expectations. The reading brought inflation closer to Banxico's 3% target, within a tolerance range of ±1 percentage point. There was a broad-based slowdown in prices, including for food and non-alcoholic beverages (0.78% vs 1.66% in June), housing and utilities (3.23% vs 3.34%), and transportation (3.21% vs 3.36%). Energy inflation also edged down to 1.16% from 1.39%, while services inflation eased to 4.36% from 4.49%, although it remained elevated. Slower price increases were also recorded for alcoholic beverages and tobacco (7.34% vs 7.66%), insurance and financial services (6.41% vs 6.74%), restaurants and hotels (6.37% vs 6.63%), education services (5.91% vs 5.93%), healthcare (4.80% vs 4.84%), and recreation, sport and culture (3.63% vs 3.73%). Annual core inflation rate fell to 3.95%, the lowest since April 2025. Monthly, the CPI was almost flat.
2026-08-07
Mexico Inflation Falls to Lowest Since 2020
Mexico's annual inflation rate eased to 3.37% in June 2026 from 3.94% in May, the lowest reading since December 2020. The figure came in slightly below market expectations of 3.52% and remained within the Bank of Mexico's target tolerance range of one percentage point away from 3%. The strongest price increases were recorded in alcoholic beverages, tobacco, and narcotics (7.66%), insurance and financial services (6.74%), restaurants and lodging (6.63%), educational services (5.93%), healthcare (4.84%), and recreation, sport, and culture (3.73%). Energy inflation remained relatively subdued at 1.39% as oil prices had returned to pre-conflict levels following easing geopolitical tensions. Transport prices rose 3.36%, utilities increased 3.34%, and food prices advanced 1.66%. Meanwhile, core inflation eased to 4.03%. On a monthly basis, consumer prices fell 0.27%, following a 0.20% decline in May.
2026-07-09
Mexico Inflation Eases to 4-Month Low
The annual inflation rate in Mexico eased to 3.94% in the second half of May of 2026 from 4.45% in the corresponding period of the previous month, the lowest in four months. It was slightly under market expectations of 4.02%, marking the return to the Bank of Mexico's tolerance band of one percentage point away from 3%. Inflation was muted for energy (3.27%) despite the surge in oil, natural gas, and coal prices globally since the outbreak of war in the Middle East, largely due heavy fuel tax credits and price caps implemented by the Mexican government. Meanwhile, inflation was also tame for core goods (3.78%) as non-food core goods (2.84%) was lower than core food goods (5.13%). In turn, inflation for services was higher (4.57%). From the previous month, the Mexican CPI fell by 0.2%, the first decline in two years, as the energy subsidies were expanded and drove energy prices to ease from the initial reaction to the war.
2026-06-09