Mexico city at goldenhour

Mexico Inflation January 2024

Mexico: Inflation comes in at highest level since June 2023 in January

Inflation inched up to 4.9% in January, slightly above December’s 4.7%, in line with market expectations. January’s result represented the highest inflation rate since June 2023 and meant that inflation moved further above the Central Bank’s 2.0%–4.0% target range. The result was driven by rising price pressures for food, beverages and tobacco and housing.

Annual average inflation fell to 5.3% in January (December: 5.5%). Meanwhile, core inflation fell to 4.8% in January, from the previous month’s 5.1%.

Finally, consumer prices increased 0.89% from the previous month in January, accelerating from December’s 0.71% rise. January’s uptick was the highest reading since March 2022.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen