Consumer prices in Mexico were up 0.56 percent month-over-month in December 2019, easing from 0.8 percent in November and slightly above market estimates of 0.5 percent. Weaker price pressure was mainly attributable to prices of energy (0.58 percent vs 4.38 percent) and agricultural goods (1.78 percent vs 1.84 percent), namely livestock products (0.48 percent vs 1.03 percent). In contrast, cost continued to advance for food, beverages & tobacco (0.35 percent vs 0.25 percent); housing (0.23 percent vs 0.17 percent) and other services (1 percent vs 0.55 percent).
Inflation Rate Mom in Mexico averaged 1.52 percent from 1969 until 2019, reaching an all time high of 15.46 percent in January of 1988 and a record low of -0.74 percent in May of 2011. This page provides - Mexico Inflation Rate MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Instituto Nacional de Estadística y Geografía (INEGI)
Inflation Rate Mom in Mexico is expected to be 0.30 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 0.50 in 12 months time. In the long-term, the Mexico Inflation Rate MoM is projected to trend around 0.30 percent in 2020, according to our econometric models.