The annual inflation rate in Mexico fell to 3.15 percent in December of 2020 from 3.33 percent in the previous month and broadly in line with market expectations. It was the lowest inflation rate since May, amid a slowdown in prices of food & non-alcoholic beverages (5.80 percent vs 7.07 percent in November) and restaurants & hotels (3.64 percent vs 3.85 percent). At the same time, inflation remained almost unchanged for housing & utilities (3.15 percent vs 3.14 percent). In addition, costs continue to decrease for transport (-2.18 percent vs -2.17 percent) and communication (-0.19 percent vs -0.39 percent). On a monthly basis, consumer prices inched up 0.38 percent, after increasing 0.08 percent in the previous month and also broadly in line with market consensus. The core index, which strips out some volatile food and energy prices rose 0.55 percent, following a 0.08 percent drop in November. source: Instituto Nacional de Estadística y Geografía (INEGI)
Inflation Rate in Mexico averaged 23.80 percent from 1974 until 2020, 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 February of 2021.
Inflation Rate in Mexico is expected to be 3.90 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 3.60 in 12 months time. In the long-term, the Mexico Inflation Rate is projected to trend around 3.50 percent in 2022, according to our econometric models.