The annual inflation rate in Mexico fell to 3.33 percent in November of 2020 from 4.09 percent in the prior month and below market expectations of 3.42 percent. It was the lowest inflation rate since June, amid a slowdown in prices of food & non-alcoholic beverages (7.07% vs 8.09% in October); housing & utilities (3.14% vs 3.29%); furnishings (4.43% vs 5.56%); recreation & culture (1.48% vs 2.11%) and miscellaneous goods & services (3.59% vs 3.85%). In addition, costs continued to decrease for transport (-2.17% vs -0.16%); clothing & footwear (-1.38% vs 0.63%) and communications (-0.39% vs -0.51%). On a monthly basis, consumer prices were up 0.08 percent, decelerating sharply from a 0.61 percent increase in the previous month. The core index, which strips out some volatile food and energy prices dropped 0.08 percent, following a 0.24 percent increase in October and compared with market expectations of a 0.05 percent fall. source: Instituto Nacional de Estadística y Geografía (INEGI)
Inflation Rate in Mexico averaged 23.84 percent from 1974 until 2020, reaching an all time high of 179.73 percent in February of 1988 and a record low of 2.13 percent in December of 2015. This page provides - Mexico Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Inflation Rate in Mexico is expected to be 4.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Mexico to stand at 3.50 in 12 months time. In the long-term, the Mexico Inflation Rate is projected to trend around 3.60 percent in 2021 and 3.50 percent in 2022, according to our econometric models.