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Mexico Inflation November 2023

Mexico: Inflation remains stable in November

Inflation came in at 4.3% in November, matching October’s reading. November’s figure was slightly above the Central Bank’s 2.0%–4.0% target range but undershot market expectations. Rising price pressures for food and housing were offset by lower prices pressures for education and recreation, clothing and transport.

The trend pointed down, with annual average inflation coming in at 5.8% in November (October: 6.1%). Meanwhile, core inflation edged down to 5.3% in November, from the previous month’s 5.5%.

Finally, consumer prices rose 0.64% over the previous month in November, picking up from October’s 0.38% rise. November’s uptick marked the highest reading since January.

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