Mexico city at goldenhour

Mexico Inflation August 2019

Mexico: Inflation slides to near three-year low in August

Consumer prices slipped 0.02% from a month earlier in August, following the 0.38% month-on-month increase in July. According to the Statistical Institute (INEGI), August’s reading largely reflected lower prices for food and non-alcoholic beverages, and transport.

Inflation fell from 3.8% in July to 3.2% in August, the lowest print since October 2016. Thus, it moved closer to the midpoint of Banxico’s target range of 2.0%–4.0%. Meanwhile, annual average inflation inched down to 4.3% in August from 4.4% the previous month.

Core consumer prices, which exclude volatile food and energy prices, rose 0.20% over the previous month in August, down from July’s 0.26% increase. For its part, core inflation held steady at 3.8% for the fourth consecutive month in August.

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