Inflation Rate in Mexico increased to 4.42 percent in May from 3.93 percent in April of 2025. This dataset provides - Mexico Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the average inflation rate in Mexico stood at approximately 4.72 percent. Between 1980 and 2024, the figure dropped by around 21.75 percentage points, though the decline followed an uneven course rather than a steady trajectory. The inflation is forecast to decline by about 1.72 percentage points from 2024 to 2030, fluctuating as it trends downward.This indicator measures inflation based upon the year-on-year change in the average consumer price index, expressed in percent. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services.

Mexico inflation rate for 2024 was 4.72%, a 0.81% decline from 2023.

<ul style='margin-top:20px;'>

<li>Mexico inflation rate for 2023 was <strong>5.53%</strong>, a <strong>2.37% decline</strong> from 2022.</li>
<li>Mexico inflation rate for 2022 was <strong>7.90%</strong>, a <strong>2.21% increase</strong> from 2021.</li>
<li>Mexico inflation rate for 2021 was <strong>5.69%</strong>, a <strong>2.29% increase</strong> from 2020.</li>
</ul>Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

The statistic depicts the average inflation rate in Mexico from 1987 to 2024, with projections up until 2030. The inflation rate measures price changes for a fixed basket of goods which includes a representative selection of goods and services. In 2024, Mexico's average inflation rate was around 4.72 percent compared to the previous year. Mexico’s economy Mexico’s gross domestic product (GDP) has been increasing slightly over the last decade, however, its national debt still amounts to almost half of its GDP. The majority of Mexico’s GDP is yielded by the services sector, as a look at the distribution of gross domestic product in Mexico by sector shows. More than 60 percent of GDP are generated in this sector; the majority of the Mexican workforce is employed in services. One important contributor to Mexico’s GDP is tourism. The total unemployment rate in Mexico took a turn for the worse during the recession of 2008 and is still to bounce back to previous levels. Mexico’s main export and import partner is the United States which accounts for approximately half of the value of both. Thus, the trade balance of goods in Mexico, showing the value of exports minus the value of imports, is heavily dependant on the United States. For the past decade, Mexico’s trade balance has run at a deficit of more than 10 billion US dollars. The trade balance of services sector in Mexico has also been in the red with a deficit of more than 6 percent since the recession and higher than 9 percent since 2011. Mexico is also one of the largest drug exporting countries worldwide. Specific trade figures are not available, however, Mexico is among the top countries for opium cultivation based on acreage, and thousands of illegal poppy fields, processed into opium, have been destroyed in Mexico year after year.

Core consumer prices in Mexico increased 4.06 percent in May of 2025 over the same month in the previous year. This dataset provides - Mexico Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the annual end-of-period inflation rate of Mexico stood at approximately 4.21 percent. Between 1981 and 2024, the figure dropped by around 23.20 percentage points, though the decline followed an uneven course rather than a steady trajectory. The rate is forecast to decline by about 1.21 percentage points from 2024 to 2030, fluctuating as it trends downward.The International Monetary Fund describes this indicator as a measure of inflation based upon the year-on-year percent change in the end-of-period consumer price index (CPI). The said index measure is based upon the cost of a typical basket of goods and services at the end of a given time period.

In November 2024, the inflation rate of oils and fats in Mexico decreased by 7.83 percent compared to the same month of the previous year.

The Consumer Price Index in Mexico increased 0.28 percent in May of 2025 over the previous month. This dataset provides - Mexico Inflation Rate MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In November 2024, the inflation rate of fish and seafood in Mexico decreased by 2.74 percent compared to the same month of the previous year.

Graph and download economic data for Inflation, consumer prices for Mexico (FPCPITOTLZGMEX) from 1960 to 2024 about Mexico, consumer, CPI, inflation, price index, indexes, and price.

Mid-month Inflation Rate YoY in Mexico increased to 4.51 percent in June from 4.22 percent in May of 2025. This dataset includes a chart with historical data for Mexico Mid-month Inflation Rate YoY.

In November 2024, the inflation rate of legumes and vegetables in Mexico increased by 15.37 percent compared to the same month of the previous year.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Mexico was 4.42 percent. That number was released in . It shows an increase from the inflation rate in the previous month when it stood at 3.93 percent. Compared to a year ago, we see a decrease from the inflation...

Mexico: Inflation forecast: The latest value from 2030 is 3 percent, unchanged from 3 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for Mexico from 1981 to 2030 is 20.06 percent. The minimum value, 2.13 percent, was reached in 2015 while the maximum of 159.17 percent was recorded in 1987.

Bank of Mexico: Inflation Target data was reported at 3.000 % in 2020. This stayed constant from the previous number of 3.000 % for 2019. Bank of Mexico: Inflation Target data is updated yearly, averaging 3.000 % from Dec 2003 (Median) to 2020, with 18 observations. The data reached an all-time high of 3.000 % in 2020 and a record low of 3.000 % in 2020. Bank of Mexico: Inflation Target data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.I001: Consumer Price Index: Inflation Target.

Core Inflation Rate MoM in Mexico decreased to 0.30 percent in May from 0.49 percent in April of 2025. This dataset includes a chart with historical data for Mexico Core Inflation Rate MoM.

Mexico MX: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 6.133 % in 2017. This records an increase from the previous number of 5.379 % for 2016. Mexico MX: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 7.962 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 142.836 % in 1987 and a record low of 1.023 % in 1968. Mexico MX: Inflation:(GDP) Gross Domestic ProductDeflator data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Mexico – Table MX.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; Median;

Graph and download economic data for Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Mexico (CPGRLE01MXA657N) from 1980 to 2023 about Mexico, core, all items, CPI, inflation, price index, indexes, and price.

Mexico's food inflation rate saw an increase of 2.85 percent in February 2025 compared to the same month the previous year. This uptick in food prices continues to impact Mexican households, with the food sector consistently ranking among the categories with the highest inflation rates in the country. The volatility in food prices highlights the ongoing challenges in maintaining stable costs for essential goods in Mexico's economy. Consumer price index trends The Consumer Price Index (CPI) for food in Mexico reached 159.12 in November 2024, up from 150.08 in the same month of the previous year. This increase aligns with the overall inflation trend, as the National Consumer Price Index stood at 136 index points in July 2024. Notably, the food, beverages, and tobacco category had the highest CPI, underscoring the significant impact of food prices on overall inflation. Cereal and cereal product trends Within the food category, different items experienced varying levels of inflation. In November 2024, cereals and cereal based products saw a three percent increase compared to the previous year, while rice prices grew by 8.33 percent. Interestingly, corn tortillas, a staple in Mexican cuisine, experienced a more modest inflation rate of one percent.

Mid-month Core Inflation Rate YoY in Mexico increased to 4.20 percent in June from 3.97 percent in May of 2025. This dataset includes a chart with historical data for Mexico Mid-month Core Inflation Rate YoY.