Mexico Inflation June 2020

Mexico

Mexico: Inflation climbs in June

July 9, 2020

Consumer prices rose 0.55% in June over the previous month, following the 0.38% increase logged in May. The result was largely driven by a strong rebound in prices for clothing and footwear, and housing and utilities.

Inflation came in at 3.3% in June, which was above May’s 2.8%. Thus, it moved above the midpoint of Banxico’s target range of 2.0%–4.0%. Meanwhile, the trend pointed down slightly, with annual average inflation coming in at 3.1% in June (May: 3.2%). For its part, core inflation ticked up to 3.7% from 3.6% in the previous month.

FocusEconomics panelists expect inflation to end 2020 at 3.0% and 2021 at 3.4%.


Author:, Economist

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Mexico Inflation June 20 20

Note: Month-on-month and year-on-year changes of consumer price index (CPI) in %.
Source: Mexico National Statistics Institute (INEGI) and FocusEconomics calculations.


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