Mexico Inflation September 2021

Mexico

Mexico: Inflation comes in at highest level since April in September

October 7, 2021

Consumer prices rose 0.62% in September over the previous month, picking up from August's 0.19% rise. September's result marked the highest reading since March. Looking at the details of the release, transportation prices rose in September after dropping in the previous month and price pressures for housing also rebounded.

Inflation increased to 6.0% in September, above August’s 5.6% and the Central Bank’s 2.0%–4.0% target range. September's reading represented the highest inflation rate since April. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 4.8% in September (August: 4.7%). Finally, core inflation ticked up to 4.9% in September, from August’s 4.8%.

Panelists surveyed by FocusEconomics see inflation ending 2021 at 5.8%, which is up 0.2 percentage points from last month’s forecast. For 2022, the panel sees year-end inflation at 3.7%.


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Mexico Inflation September 2021

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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