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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.
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<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.
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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.
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.
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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 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.
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Inflation Expectations in Mexico decreased to 3.59 percent in May from 3.75 percent in April of 2025. This dataset provides - Mexico Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news.
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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.
In May 2025, the inflation rate of sugar, marmalade, honey, chocolates and sweets in Mexico decreased by *** percent compared to the same month of the previous year.
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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.
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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.
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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;
The Consumer Price Index gauges the price changes in a basket of goods and services representative of Mexican households' consumption. As of August 2024, the CPI had increased 4.99 percentage points compared to the same month of the previous year. Despite some fluctuations, the monthly inflation rate in the country has been experiencing an overall downward trend since August 2022.
Different forms of measuring inflation
The National Institute of Statistics, Geography, and Informatics (INEGI) measures price variations considering a total of 299 goods and services that encompass the most representative goods in rural and urban areas of the country. From the second half of June 2018 to May 2024, the accumulated CPI was around 134.09 points, representing price increases of over 34 percent in almost six years. Nonetheless, not all categories of goods and services increased at the same rate, as of June 2024, food and non-alcoholic beverages recorded the highest CPI with 155 points, followed by restaurants and hotels.
Consumer’s perception
Consumers in Mexico had experienced rising prices differently, for example, people older than 55 years old had a higher perceived level of inflation in groceries than any other age group. Groceries were the second category with the highest perceived inflation, only behind restaurants, with almost 70 percent of Mexicans reporting high increases. As well as different perceptions, consumers decide to take varying alternatives to cope with the increases, the most common were paying more attention to prices, changing brands of certain products, or reducing consumption.
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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...
In May 2025, the inflation rate of corn tortillas in Mexico increased by **** percent compared to the same month of the previous year.
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Inflation, monthly percent change in the CPI in Mexico, May, 2025 The most recent value is 0.28 percent as of May 2025, a decline compared to the previous value of 0.33 percent. Historically, the average for Mexico from February 1960 to May 2025 is 1.25 percent. The minimum of -1.74 percent was recorded in February 1964, while the maximum of 15.46 percent was reached in January 1988. | TheGlobalEconomy.com
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Taxa de Inflação Meio do Mês YoY no México aumentou para 4,51 por cento em junho, em comparação com 4,22 por cento em maio de 2025. Esta página inclui um gráfico com dados históricos para a Taxa de Inflação YoY do México.
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Bank of Mexico: Inflation Target: Upper Limit data was reported at 4.000 % in 2020. This stayed constant from the previous number of 4.000 % for 2019. Bank of Mexico: Inflation Target: Upper Limit data is updated yearly, averaging 4.000 % from Dec 2003 (Median) to 2020, with 18 observations. The data reached an all-time high of 4.000 % in 2020 and a record low of 4.000 % in 2020. Bank of Mexico: Inflation Target: Upper Limit 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.
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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.
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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.