Mexico Inflation December 2021

Mexico

Mexico: Inflation remains stable in December

January 7, 2022

Consumer prices rose 0.36% from the previous month in December, which was below the 1.14% increase recorded in November. December's result marked the weakest reading since August. The cooling of price pressures was primarily driven by a more moderate rise in prices for food, beverages and tobacco. In addition, price pressures for housing dropped.

Inflation held steady at November's 7.4% in December, well above the Central Bank’s 3.0% target. Annual average inflation rose to 5.7% in December (November: 5.3%). Finally, core inflation rose to 5.9% in December, from November’s 5.7%.

Panelists surveyed by FocusEconomics see inflation ending 2022 at 4.1%, which is up 0.1 percentage points from last month’s forecast. For 2023, the panel sees year-end inflation at 3.6%.


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Mexico Inflation December 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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