Mexico Inflation
Inflation declines to lowest level since March 2021 in July
Inflation came in at 4.8% in July, down from June’s 5.1% and in line with market expectations. July’s figure represented the weakest inflation rate since March 2021, but was still somewhat above the Central Bank’s 2.0%–4.0% target range. Looking at the details of the release, prices for food, beverages and tobacco rose at a more moderate pace in July, while prices for housing dropped at a faster rate.
In addition, the trend pointed down, with annual average inflation coming in at 7.1% in July (June: 7.4%). Meanwhile, core inflation fell to 6.6% in July from the previous month’s 6.9%.
Finally, consumer prices rose 0.48% from the previous month in July, picking up from the 0.10% rise logged in June.
Mexico Inflation Chart
This chart displays Inflation Rate (CPI, annual variation in %) for Mexico from 2013 to 2022.
Mexico Inflation Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Inflation (CPI, ann. var. %, aop) | 4.9 | 3.6 | 3.4 | 5.7 | 7.9 |
Inflation (CPI, ann. var. %, eop) | 4.8 | 2.8 | 3.2 | 7.4 | 7.8 |