Mexico Inflation December 2020

Mexico

Mexico: Inflation inches down to lowest level since May in December

January 7, 2021

Consumer prices increased 0.38% in December over the previous month, picking up from November's 0.08% increase. Looking at the details of the release, transportation prices rose in December after dropping in the previous month, while prices for education and recreation, and clothing and textiles also gained steam.

Inflation came in at 3.2% in December, which followed November’s 3.3% print. December's result represented the weakest inflation rate since May. Meanwhile, the trend was unchanged in December with annual average inflation matching November's 3.4%. Lastly, core inflation rose to 3.8% from the previous month's 3.7%.

FocusEconomics panelists expect inflation to end 2021 at 3.5% and 2022 at 3.4%.


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Mexico Inflation December 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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