Mexico's annual inflation rate picked up to 4.65% in April 2024, from 4.42% in the previous month, and largely matching market forecasts of 4.63%. Main upward pressure stemmed from prices of food & non-alcoholic beverages (5.78% vs 4.96% in March); alcoholic beverages & tobacco (4.95% vs 4.78%), and housing & utilities (3.76% vs 3.35%). The annual core inflation rate eased for the 15th straight month to 4.37% in April, the lowest since May 2021, down from 4.55% in the prior period. Monthly, the CPI rose by 0.2% in April, down from a 0.29% increase in the last month and in line with the market's anticipated 0.19% rise. source: Instituto Nacional de Estadística y Geografía (INEGI)

Created with Highcharts 10.1.0Chart context menu4.14.34.64.95.25.55.86.16.3
MayJulSepNov2024Mar
5.84
5.06
4.79
4.64
4.45
4.26
4.32
4.66
4.88
4.4
4.42
4.65
Instituto Nacional de Estadística y Geografía (INEGI)


Calendar GMT Reference Actual Previous Consensus TEForecast
2024-04-09 12:00 PM
Inflation Rate YoY
Mar 4.42% 4.4% 4.5% 4.55%
2024-05-09 12:00 PM
Inflation Rate YoY
Apr 4.65% 4.42% 4.63% 4.65%
2024-06-07 12:00 PM
Inflation Rate YoY
May 4.65% 4.79%


Related Last Previous Unit Reference
Consumer Price Index CPI 134.34 134.07 points Apr 2024
Core Consumer Prices 133.80 133.52 points Apr 2024
Core Inflation Rate YoY 4.37 4.55 percent Apr 2024
CPI Housing Utilities 119.60 121.25 points Apr 2024
CPI Transportation 128.09 127.98 points Apr 2024
Food Inflation 4.78 4.96 percent Apr 2024
GDP Deflator 130.05 127.69 points Dec 2023
Inflation Rate YoY 4.65 4.42 percent Apr 2024
Inflation Rate MoM 0.20 0.29 percent Apr 2024
Mid-month Core Inflation Rate MoM 0.15 0.16 percent May 2024
Mid-month Core Inflation Rate YoY 4.31 4.39 percent May 2024
Mid-month Inflation Rate MoM -0.21 0.09 percent May 2024
Mid-month Inflation Rate YoY 4.78 4.63 percent May 2024
Producer Prices 123.57 122.62 points Mar 2024
Producer Prices Change 2.04 1.50 percent Mar 2024

Mexico Inflation Rate
In Mexico, the most important categories in the CPI basket are Nonfood Goods (19.7 percent of the total weight); Housing (18.7 percent) and Other Services (18.4 percent). Food, Beverages and Tobacco account for 14.8 percent and Energy for 9.5 percent. Others include: Products subsidized by the government (5.3 percent); Education (5.1 percent); Meat and Eggs (4.8 percent) and Fruits and Vegetables (3.7 percent). The CPI index has a base of 100 as of December of 2010. The national index tracks 46 large, medium and small cities.
Actual Previous Highest Lowest Dates Unit Frequency
4.65 4.42 179.73 2.13 1974 - 2024 percent Monthly
2018=100


News Stream
Mexico Inflation Rate Edges Higher in April
Mexico's annual inflation rate picked up to 4.65% in April 2024, from 4.42% in the previous month, and largely matching market forecasts of 4.63%. Main upward pressure stemmed from prices of food & non-alcoholic beverages (5.78% vs 4.96% in March); alcoholic beverages & tobacco (4.95% vs 4.7...8%), and housing & utilities (3.76% vs 3.35%). The annual core inflation rate eased for the 15th straight month to 4.37% in April, the lowest since May 2021, down from 4.55% in the prior period. Monthly, the CPI rose by 0.2% in April, down from a 0.29% increase in the last month and in line with the market's anticipated 0.19% rise. more
2024-05-09
Mexico Inflation Rate Steadies in March
Mexico's annual inflation rate was largely unchanged at 4.42% in March 2024, compared to 4.4% in February and below market forecasts of 4.5%. Prices advanced faster for housing & utilities (3.35% vs 2.97% in February), transportation (4.16% vs 3.99%), recreation & culture (2.79% vs 2.62%), a...nd restaurants & hotels (6.95% vs 6.88%). Conversely, inflation mainly eased for food & non-alcoholic beverages (4.96% vs 5.07%), alcoholic beverages & tobacco (4.78% vs 5.12%), clothing & footwear (3.13% vs 3.29%), and health (5.19% vs 5.5%). Meanwhile, prices fell further for communications (-1.83% vs -1.54%). The annual core inflation rate eased for the 14th straight month to 4.55% in March, the lowest since May 2021, down from 4.64% in the prior month. Monthly, the CPI rose by 0.29% in March, up from a 0.09% increase in the prior month but still lower than the market's anticipated 0.36% rise. more
2024-04-09
Mexico Inflation Rate Slows to 4.4% in February
Mexico's annual inflation rate eased to 4.40% in February 2024, down from a seven-month high of 4.88% in January and broadly in line with market forecasts of 4.42%. The slowdown in overall inflation was mainly driven by prices of food & non-alcoholic beverages (5.07% vs 7.28% in January); miscel...laneous goods & services (6.59% vs 6.91%); restaurants & hotels (6.88% vs 6.96%) and education (6.40% vs 6.64%). Furthermore, prices fell further for communications (-1.54% vs -1%). The annual core inflation rate eased for the 13th straight month to 4.64% in February, the lowest since June 2021, down from 4.76% in the prior month. Monthly, the CPI went up by 0.09% in February, after a 0.89% increase in the prior month and almost in line with market estimates of a 0.11% rise. more
2024-03-07