Mexico's consumer prices fell 1.01 percent over a month earlier in April 2020, the most since at least 1969, following a 0.05 percent decline in March and compared with market expectations of a 1.04 percent decrease. Prices dropped for transportation (-7.09 percent) amid a slump in oil prices, housing & utilities (-1.10 percent), clothing & footwear (-0.89 percent), communications (-0.25 percent), recreation & culture (-0.16 percent) and restaurants & hotels (-0.05 percent). On the other hand, cost rose for food & non-alcoholic beverages (0.38 percent), miscellaneous goods & services (0.43 percent) and health (0.58 percent).
Inflation Rate Mom in Mexico averaged 1.51 percent from 1969 until 2020, reaching an all time high of 15.46 percent in January of 1988 and a record low of -1.01 percent in April of 2020. This page provides - Mexico Inflation Rate MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico Inflation Rate MoM - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Instituto Nacional de Estadística y Geografía (INEGI)
Inflation Rate Mom in Mexico is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Mexico to stand at 0.30 in 12 months time. In the long-term, the Mexico Inflation Rate MoM is projected to trend around 0.40 percent in 2021 and 0.30 percent in 2022, according to our econometric models.