Consumer prices in Mexico climbed 5.88% in June of 2021, following a 5.89% rise in the previous month and slightly above market expectations of a 5.86% increase. Main upward pressure came from prices of food & non-alcoholic beverages (6.76% vs 5.65% in May) and transports (9.68% vs 12.94%). Significant contributions also came from housing & utilities (5.51% vs 5.33%), restaurants & utilities (5.78% vs 5.13%), miscellaneous goods & services (4.07% vs 4.29%), clothing & footwear (5.27% vs 5.81%), and recreation & culture (4.36% vs 4.22%). The annual core inflation rate, excluding volatile items such as unprocessed food and energy, quickened to 4.58% in June, the highest since last November, from 4.37% in the previous month. On a monthly basis, consumer prices edged up 0.53%, following a 0.2% gain in April and slightly above market expectations of a 0.51% increase. source: Instituto Nacional de Estadística y Geografía (INEGI)
Inflation Rate in Mexico averaged 23.60 percent from 1974 until 2021, 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 2021.
Inflation Rate in Mexico is expected to be 5.80 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 4.80 in 12 months time. In the long-term, the Mexico Inflation Rate is projected to trend around 3.00 percent in 2022 and 2.80 percent in 2023, according to our econometric models.