Inflation Rate in Mexico decreased to 3.51 percent in July from 4.32 percent in June of 2025. This dataset provides - Mexico Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

The USD/MXN exchange rate fell to 18.5685 on August 8, 2025, down 0.22% from the previous session. Over the past month, the Mexican Peso has strengthened 0.23%, and is up by 1.35% over the last 12 months. Mexican Peso - values, historical data, forecasts and news - updated on August of 2025.

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;

Canada Inflation Nowcast: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Daily Average: Mexican Peso data was reported at 0.000 % in 12 May 2025. This stayed constant from the previous number of 0.000 % for 05 May 2025. Canada Inflation Nowcast: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Daily Average: Mexican Peso data is updated weekly, averaging 0.000 % from Jan 2019 (Median) to 12 May 2025, with 332 observations. The data reached an all-time high of 66.238 % in 06 Feb 2023 and a record low of 0.000 % in 12 May 2025. Canada Inflation Nowcast: Contribution: Foreign Exchange Rates: Foreign Exchange Rate: Daily Average: Mexican Peso data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Canada – Table CA.CEIC.NC: CEIC Nowcast: Inflation: Headline.

Low income Mexican households were the most affected by inflation. According to the source, the annual inflation rate of the representative consumer basket of households with low income experienced the largest increase in February 2024: **** percent compared to the same month of the previous year. By contrast, the market basket of high income households (those that earn, on average, a monthly income of ****** Mexican pesos) registered an inflation rate of **** percent.

The benchmark interest rate in Mexico was last recorded at 7.75 percent. This dataset provides - Mexico Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The so-called Big Mac index is regarded as an indicator for the purchasing power of an economy. The average price for a Big Mac burger in Mexico was estimated at 4.6 U.S. dollars in January 2025. Due to the high increases during the last few years, the Big Mac burger price became one of the highest in Latin America. Big Mac Index The Bic Mac index has been published annually by The Economist since 1986 and is rated as a simplified indicator of a country’s individual purchasing power. As many countries have different currencies, the standardized Big Mac prices are calculated by converting the average national Big Mac prices with the latest exchange rate to U.S. dollars.The Big Mac, as the top-selling McDonald’s burger, is used for comparison because it is available in almost every country and manufactured in a standardized size, composition and quality. McDonald’s is a worldwide operating fast food restaurant chain with headquarters in Oak Brook, Illinois. In Latin America, McDonald's largest franchisee is Arcos Dorados Holdings, with headquarters in Montevideo, Uruguay. Power Purchasing Parity This conversion endeavor seeks to level the purchasing power disparities among nations by neutralizing price discrepancies. Notably, in Mexico, the Purchasing Power Parity (PPP) has demonstrated a consistent upward trajectory, yielding positive repercussions on the minimum wage for the labor force. This, in turn, has triggered a favorable effect on the affordability of the essential food basket. Furthermore, this upswing has propelled five major Mexican cities into the upper positions of PPP rankings within Latin America. Consequently, Mexico now stands as the 15th largest global economy, a status achieved despite a slight, yet steady, decline in its share of the global GDP, which is adjusted according to PPP metrics.

Purchasing power parity of Mexico rose by 2.12% from 9.9 LCU per international dollars in 2023 to 10.1 LCU per international dollars in 2024. Since the 2.43% decline in 2022, purchasing power parity went up by 2.78% in 2024. Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for GDP.

Entidad: the 32 Mexican States. BComercSecPrim: credit from commercial banks to the primary sector (in Mexican Pesos) BdeDSecPrim: credit from development banks to the primary sector (in Mexican Pesos) BComercSecSec: credit from commercial banks to the secondary sector (in Mexican Pesos) BdeDSecSec: credit from development banks to the secondary sector (in Mexican Pesos) BComercSecTer: credit from commercial banks to the tertiary sector (in Mexican Pesos) BdeDSecTer: credit from development banks to the tertiary sector (in Mexican Pesos) Exportaciones: Exports (in Mexican Pesos) InverExtranjDir: FDI (in Mexican Pesos) PIBperCapita: GDP per capita (in Mexican Pesos) IndiceDesempleo: Unemployment (not used) RegionCentro, CentroNorte, Norte, Sur: regional dummies. LongitudCarrettera: length of building highways (a measure of infrastructure) PoblacionOcupada: Population Employed (not used) Escolaridad: level of education measured by the average number of schooling years Inflation Deuda: debt (in Mexican Pesos) PIB: GDP (in Mexican Pesos) GastoPublico: Debt/GDP.

Consumer Price Index CPI in Mexico increased to 140780 points in July from 140.41 points in June of 2025. This dataset provides - Mexico Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M2 in Mexico decreased to 15728433079 MXN Thousand in June from 15775340678 MXN Thousand in May of 2025. This dataset provides - Mexico Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Mexico decreased to 614.28 MXN/Day in July from 628.81 MXN/Day in June of 2025. This dataset provides - Mexico Average Daily Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

ABSTRACT The author begins by asking why Brazilian policymakers opted to target the exchange rate to stabilize inflation when this strategy had already failed in Mexico. The answer: it was no longer possible to accommodate the country’s high inflation rate through the pervasive use of price indexation and a competitive exchange rate policy. Under conditions of high inflation, the anchoring of the exchange rate within the Real Plan was the quickest route toward price stability. However, policy success also required deep fiscal adjustment, and traditional Brazilian politics stubbornly resisted the necessary tax reforms. In contrast to Mexico, where the peso crash was fueled by reckless private sector spending and borrowing, Brazil’s January 1999 devaluation was triggered by chronically high fiscal deficits. Brazil’s rapid recovery under a flexible currency regime suggests that the macroeconomic fundamentals are back on track; the challenge now lies in the crafting of a viable pro-reform political coalition that can cut through the numerous parochial interests that converged to provoke the 1999 devaluation.

The minimum wage per day guaranteed by law in Mexico was decreed to increase by approximately 12 percent between 2024 and 2025, reaching 278.8 Mexican pesos in 2025. The Northern Free Zone located near the northern border was the exception, where the minimum daily wage increased to 419.88 Mexican pesos. Education and income disparity The income distribution is entirely a new story than minimum wages, in fact, there are many factors that influence the level of salaries for Mexican workers. One of the main differences is by the number of schooling years, someone with more than 18 years of study earns on average double than employees with seven to nine years. Moreover, the area of study, while statistics and finance mean salaries, the highest wages by degree, are above 30,000 Mexican pesos per month, others such as performing arts and theology rank as the lowest paying degrees in Mexico.
Poverty still among the main problems
Despite one of the main reasons for minimum wage increases being moving people out from poverty conditions, poverty continues to be one of the main problems Mexican society faces. The number of people living under poverty conditions has decreased by 8.54 million inhabitants from 2014 to 2022, nonetheless, the figure is still higher than 46.5 million. The poverty rate varies among states, with Chiapas leading the ranking with 67.4 percent of the population under such conditions, while both Baja California and Baja California Sur recorded less than 14 percent.

核心通胀即时预测：SA：贡献：外汇汇率：外汇汇率：日平均：墨西哥比索在05-12-2025达0.052%，相较于05-05-2025的0.052%保持不变。核心通胀即时预测：SA：贡献：外汇汇率：外汇汇率：日平均：墨西哥比索数据按周更新，01-08-2018至05-12-2025期间平均值为0.399%，共384份观测结果。该数据的历史最高值出现于09-16-2024，达28.488%，而历史最低值则出现于01-20-2025，为0.000%。CEIC提供的核心通胀即时预测：SA：贡献：外汇汇率：外汇汇率：日平均：墨西哥比索数据处于定期更新的状态，数据来源于CEIC Data，数据归类于全球数据库的加拿大 – Table CA.CEIC.NC: CEIC Nowcast: Inflation: Core。

Mexico's housing market demonstrates significant regional price variations, with Mexico City emerging as the most expensive area for residential property in 2024. The capital city's average house price of 3.91 million Mexican pesos far exceeds the national average of 1.73 million pesos, highlighting the stark contrast in property values across the country. This disparity reflects broader economic and demographic trends shaping Mexico's real estate landscape. Sustained growth in housing prices The Mexican housing market has experienced substantial growth over the past decade, with home prices more than doubling since 2010. By the third quarter of 2023, the nominal house price index reached 255.54 points, representing a 146 percent increase from the baseline year. Even when adjusted for inflation, the real house price index showed a notable 40 percent growth, underscoring the market's resilience and attractiveness to investors. The mortgage market is dominated by three main player types: Infonavit, Fovissste, and commercial banks including Sofomes. In 2023, Infonavit, a scheme by Mexico's National Housing Fund Institute which provides lending to workers in the formal sector, was responsible for the majority of mortgages granted to individuals. Challenges in mortgage lending Despite the overall growth in housing prices, Mexico's mortgage market has faced challenges in recent years. The number of new mortgage loans granted has declined over the past decade, falling by approximately 200,000 loans between 2008 and 2023. This decrease in lending activity may be attributed to various factors, including economic uncertainties and changing consumer preferences. The state of Mexico, which is home to 13 percent of the country's population, likely plays a significant role in shaping these trends, given its large demographic influence on the national housing market.

Collectively, people employed by the film industry in Mexico received a little over ************ Mexican pesos in 2022, up from just over *** billion pesos in the previous year. In 2021, Mexico's inflation rate stood at **** percent.

In 2022, about 40 percent of adults in Mexico held a net worth under 10,000 U.S. dollars. In contrast, merely 393,000 Mexicans (that is, 0.4 percent of the total) had a net worth of over one million U.S. dollars. Mexico is one of the most unequal countries in Latin America regarding wealth distribution, with 78.7 percent of the national wealth held by the richest ten percent of the population.

The minimum salaryThe minimum wage per day guaranteed by law in Mexico was decreed to increase by 22 percent between 2021 and 2022, reaching 172.87 Mexican pesos in 2022. In the Free Zone located near the northern border the minimum daily wage was raised to 260.34 Mexican pesos.This represented the fourth consecutive incrase since 2019, but could prove to be insufficient to maintain the wellbeing of Mexican workers after the soaring inflation rate registered in 2022 and the economic impact of the COVID-19 in Mexican households. The legal minimum salary has a long history in the North American country, it was first implemented with the approval of the Political Constitution of the United Mexican States in 1917. Income inequality in Latin AmericaLatin America, as other developing regions in the world, generally records high rates of inequality, with a Gini coefficient ranging between 38 and 54 among the region’s countries. Moreover, many of the countries with the biggest inequality in income distribution worldwide are found in Latin America. According to the Human Development Report 2019, wealth redistribution by means of tax transfers improves Latin America's Gini coefficient to a lesser degree than it does in advanced economies. Wider access to education and health services, on the other hand, have been proven to have a greater direct effect in improving Gini coefficient measurements in the region.

Santander was the bank that offered the lowest interest rate for mortgage loans in Mexico in 2023. In January that year, the lowest annual interest rate offered by this bank amounted to **** percent. Banorte and Afirme were the two other banks that offered interest rates below ** percent. What are the mortgage rates in other countries worldwide? Mortgage interest rates vary widely across different countries, with some of the most attractive rates found in Europe. Mortgage rates have generally increased since 2021 because of rising inflation. That can clearly be seen in the development of mortgage rates in the United States, where interest rates more than doubled in just two years. How much does buying a home in Mexico cost? The average price of a home in Mexico was about *** million Mexican pesos in 2023, but in Mexico City, this figure was almost twice higher. Tamaulipas, Tlaxcala, and Durango were among the states where housing was least expensive.