The annual inflation rate in Mexico rose to 4.83 percent in December 2018 from 4.72 percent in the prior month, slightly below market expectations of 4.89 percent. Prices increased at a faster pace for other services and agricultural goods while inflation was barely unchanged for housing. Inflation Rate in Mexico averaged 24.70 percent from 1974 until 2018, 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.

Inflation Rate in Mexico is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Mexico to stand at 3.90 in 12 months time. In the long-term, the Mexico Inflation Rate is projected to trend around 3.80 percent in 2020, according to our econometric models.

Mexico Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-09 01:00 PM Inflation Rate YoY 5.02% 4.9% 5.01% 5.0%
2018-11-08 02:00 PM Inflation Rate YoY 4.9% 5.02% 4.9% 4.9%
2018-12-07 02:00 PM Inflation Rate YoY 4.72% 4.9% 4.63% 4.7%
2019-01-09 02:00 PM Inflation Rate YoY 4.83% 4.72% 4.89% 4.9%
2019-02-07 02:00 PM Inflation Rate YoY 4.83%
2019-03-07 02:00 PM Inflation Rate YoY
2019-04-09 01:00 PM Inflation Rate YoY 4.5%



Mexico Inflation Rate Edges Up to 4.83% in December

The annual inflation rate in Mexico rose to 4.83 percent in December 2018 from 4.72 percent in the prior month, slightly below market expectations of 4.89 percent. Prices increased at a faster pace for other services and agricultural goods while inflation was barely unchanged for housing.

Year-on-year, inflation picked up for other services including restaurants, telephone services, medical services and package tourist services (4.09 percent vs 3.98 percent in November) and agricultural goods (7.06 percent vs 4.78 percent), amid rising cost of fruits & vegetables (10.20 percent vs 6.02 percent) and livestock products (3.35 percent vs 3.15 percent). On the other hand, prices advanced less for energy (11.62 percent vs 13.26 percent) and food, beverages & tobacco (4.73 percent vs 4.79 percent). Meantime, inflation remained almost unchanged for housing (2.62 percent vs 2.60 percent) and was steady for education (at 4.69 percent).

On a monthly basis, consumer prices went up 0.7 percent, following a 0.85 percent rise in November and slightly below market expectations of a 0.75 percent gain. Prices slowed mostly for housing (0.19 percent vs 0.22 percent) while decreased for energy (-0.69 percent vs 2.89 percent). In contrast, cost continued to advance for agricultural goods (4.03 percent vs 3.48 percent), namely eggs (3.38 percent vs 2.83 percent); food, beverages & tobacco (0.46 percent vs 0.36 percent) and other services (1.11 percent vs 0.31 percent).

The core index, which strips out some volatile food and energy prices increased by 0.47 percent during the month (vs 0.25 percent in November) and went up by 3.69 percent on a yearly basis (vs 3.63 percent in November).


INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
1/9/2019 2:59:27 PM



Mexico Prices Last Previous Highest Lowest Unit
Inflation Rate 4.83 4.72 179.73 2.13 percent [+]
Inflation Rate Mom 0.70 0.85 15.46 -0.74 percent [+]
Consumer Price Index CPI 103.02 102.30 103.02 0.01 Index Points [+]
Core Consumer Prices 101.58 101.11 101.58 0.09 Index Points [+]
Core Inflation Rate 3.69 3.63 176.90 2.30 percent [+]
GDP Deflator 127.39 126.83 127.39 15.01 Index Points [+]
Producer Prices 130.81 130.33 130.81 61.28 Index Points [+]
Export Prices 117.31 115.40 143.98 32.38 Index Points [+]
Import Prices 234.44 234.29 234.44 42.20 Index Points [+]
Producer Prices Change 6.51 6.26 9.81 0.92 percent [+]
Inflation Expectations 3.87 3.90 17.21 3.19 Percent [+]
Cpi Housing Utilities 104.43 104.26 104.43 58.21 Index Points [+]
CPI Transportation 102.71 102.55 102.71 0.06 Index Points [+]
Food Inflation 5.47 4.70 11.03 0.03 percent [+]


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. This page provides - Mexico Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico Inflation Rate - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.83 4.72 179.73 2.13 1974 - 2018 percent Monthly
2018=100




Country Last Previous
Argentina 47.10 Dec/18
Australia 1.90 Sep/18
Brazil 3.75 Dec/18
Canada 1.70 Nov/18
China 1.90 Dec/18
Euro Area 1.60 Dec/18
France 1.60 Dec/18
Germany 1.70 Dec/18
India 2.19 Dec/18
Indonesia 3.13 Dec/18
Italy 1.10 Dec/18
Japan 0.80 Nov/18
Mexico 4.83 Dec/18
Netherlands 2.00 Dec/18
Russia 4.30 Dec/18
Saudi Arabia 2.80 Nov/18
Singapore 0.30 Nov/18
South Africa 5.20 Nov/18
South Korea 1.30 Dec/18
Spain 1.20 Dec/18
Switzerland 0.70 Dec/18
Turkey 20.30 Dec/18
United Kingdom 2.10 Dec/18
United States 1.90 Dec/18


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