Mexico's consumer price inflation climbed to 6.08 percent year-on-year in April 2021, the highest since December 2017 and slightly above market expectations of 6.01%. Main upward pressure came from energy prices (19.30 percent vs 10.73 percent in March) and groceries (5.59 percent vs 5.79 percent), mostly foods, beverages & tobacco (5.88 percent vs 6.48 percent) and non-food items (5.28 percent vs 5.04 percent). Prices of services rose at a faster pace (2.53 percent vs 2.30 percent), mostly housing (1.73 percent vs 1.79 percent) and other services including restaurants, mobile phone service, car maintenance, medical consultation and packaged tourist services (3.55 percent vs 3.02 percent). The annual core inflation rate, excluding volatile items such as unprocessed food and energy, edged higher to 4.13 percent in April, from 4.12 percent in the previous month. source: Instituto Nacional de Estadística y Geografía (INEGI)
Inflation Rate in Mexico averaged 23.67 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 May of 2021.
Inflation Rate in Mexico is expected to be 6.50 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 6.90 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.