Mexico Inflation August 2021

Mexico

Mexico: Inflation falls to lowest level since March in August

September 9, 2021

Consumer prices rose 0.19% in August over the previous month, below the 0.59% increase recorded in July. August's result marked the weakest reading since November 2020. The reading was driven by falling prices for housing and transportation. In addition, prices for education and recreation grew at a more subdued pace.

Inflation ticked down to 5.6% in August, following July’s 5.8%. August's figure represented the lowest inflation rate since March. Annual average inflation ticked up to 4.7% in August (July: 4.5%). Finally, core inflation ticked up to 4.8% in August, from the previous month's 4.7%.

Panelists surveyed by FocusEconomics see inflation ending 2021 at 5.6%, which is up 0.4 percentage points from last month’s forecast. For 2022, the panel sees year-end inflation at 3.7%.


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Mexico Inflation August 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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