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Mexico Inflation Rate

Mexico's inflation rate reached 3.76% in September 2025, a three-month high, increasing from 3.57% in August 2025. This rise was driven by higher agricultural prices and a slight increase in core inflation due to rising core goods prices. The annual inflation rate is within the Bank of Mexico's 2-4% target range. Inflation is expected to finish the year at 3.9%. Mexico's record low inflation rate was 2.13% in December 2015 and record high was 179.73% in February 1988.

Monthly Historical Data (1974-2025)

(in %)
Month Inflation Rate
Sep 2025 3.8%
Aug 2025 3.6%
Jul 2025 3.5%
Jun 2025 4.3%
May 2025 4.4%
Apr 2025 3.9%
Mar 2025 3.8%
Feb 2025 3.8%
Jan 2025 3.6%
Dec 2024 4.2%
Nov 2024 4.6%
Oct 2024 4.8%
Sep 2024 4.6%
Aug 2024 5%
Jul 2024 5.6%
Jun 2024 5%
May 2024 4.7%
Apr 2024 4.7%
Mar 2024 4.4%
Feb 2024 4.4%
Jan 2024 4.9%
Dec 2023 4.7%
Nov 2023 4.3%
Oct 2023 4.3%
Sep 2023 4.4%
Aug 2023 4.6%
Jul 2023 4.8%
Jun 2023 5.1%
May 2023 5.8%
Apr 2023 6.2%
Mar 2023 6.8%
Feb 2023 7.6%
Jan 2023 7.9%
Dec 2022 7.8%
Nov 2022 7.8%
Oct 2022 8.4%
Sep 2022 8.7%
Aug 2022 8.7%
Jul 2022 8.2%
Jun 2022 8%
May 2022 7.7%
Apr 2022 7.7%
Mar 2022 7.4%
Feb 2022 7.3%
Jan 2022 7.1%
Dec 2021 7.4%
Nov 2021 7.4%
Oct 2021 6.2%
Sep 2021 6%
Aug 2021 5.6%
Jul 2021 5.8%
Jun 2021 5.9%
May 2021 5.9%
Apr 2021 6.1%
Mar 2021 4.7%
Feb 2021 3.8%
Jan 2021 3.5%
Dec 2020 3.1%
Nov 2020 3.3%
Oct 2020 4.1%
Sep 2020 4%
Aug 2020 4%
Jul 2020 3.6%
Jun 2020 3.3%
May 2020 2.8%
Apr 2020 2.1%
Mar 2020 3.2%
Feb 2020 3.7%
Jan 2020 3.2%
Dec 2019 2.8%
Nov 2019 3%
Oct 2019 3%
Sep 2019 3%
Aug 2019 3.2%
Jul 2019 3.8%
Jun 2019 4%
May 2019 4.3%
Apr 2019 4.4%
Mar 2019 4%
Feb 2019 3.9%
Jan 2019 4.4%
Dec 2018 4.8%
Nov 2018 4.7%
Oct 2018 4.9%
Sep 2018 5%
Aug 2018 4.9%
Jul 2018 4.8%
Jun 2018 4.7%
May 2018 4.5%
Apr 2018 4.6%
Mar 2018 5%
Feb 2018 5.3%
Jan 2018 5.6%
Dec 2017 6.8%
Nov 2017 6.6%
Oct 2017 6.4%
Sep 2017 6.3%
Aug 2017 6.7%
Jul 2017 6.4%
Jun 2017 6.3%
May 2017 6.2%
Apr 2017 5.8%
Mar 2017 5.3%
Feb 2017 4.9%
Jan 2017 4.7%
Dec 2016 3.4%
Nov 2016 3.3%
Oct 2016 3.1%
Sep 2016 3%
Aug 2016 2.7%
Jul 2016 2.6%
Jun 2016 2.5%
May 2016 2.6%
Apr 2016 2.5%
Mar 2016 2.6%
Feb 2016 2.9%
Jan 2016 2.6%
Dec 2015 2.1%
Nov 2015 2.2%
Oct 2015 2.5%
Sep 2015 2.5%
Aug 2015 2.6%
Jul 2015 2.7%
Jun 2015 2.9%
May 2015 2.9%
Apr 2015 3.1%
Mar 2015 3.1%
Feb 2015 3%
Jan 2015 3.1%
Dec 2014 4.1%
Nov 2014 4.2%
Oct 2014 4.3%
Sep 2014 4.2%
Aug 2014 4.2%
Jul 2014 4.1%
Jun 2014 3.8%
May 2014 3.5%
Apr 2014 3.5%
Mar 2014 3.8%
Feb 2014 4.2%
Jan 2014 4.5%
Dec 2013 4%
Nov 2013 3.6%
Oct 2013 3.4%
Sep 2013 3.4%
Aug 2013 3.5%
Jul 2013 3.5%
Jun 2013 4.1%
May 2013 4.6%
Apr 2013 4.7%
Mar 2013 4.2%
Feb 2013 3.5%
Jan 2013 3.2%
Dec 2012 3.6%
Nov 2012 4.2%
Oct 2012 4.6%
Sep 2012 4.8%
Aug 2012 4.6%
Jul 2012 4.4%
Jun 2012 4.3%
May 2012 3.9%
Apr 2012 3.4%
Mar 2012 3.7%
Feb 2012 3.9%
Jan 2012 4.5%
Dec 2011 3.8%
Nov 2011 3.5%
Oct 2011 3.2%
Sep 2011 3.1%
Aug 2011 3.4%
Jul 2011 3.5%
Jun 2011 3.3%
May 2011 3.2%
Apr 2011 3.4%
Mar 2011 3%
Feb 2011 3.6%
Jan 2011 3.8%
Dec 2010 4.4%
Nov 2010 4.3%
Oct 2010 4%
Sep 2010 3.8%
Aug 2010 3.7%
Jul 2010 3.6%
Jun 2010 3.7%
May 2010 3.9%
Apr 2010 4.3%
Mar 2010 5%
Feb 2010 4.8%
Jan 2010 4.5%
Dec 2009 3.6%
Nov 2009 3.9%
Oct 2009 4.5%
Sep 2009 4.9%
Aug 2009 5.1%
Jul 2009 5.4%
Jun 2009 5.7%
May 2009 6%
Apr 2009 6.2%
Mar 2009 6%
Feb 2009 6.2%
Jan 2009 6.3%
Dec 2008 6.5%
Nov 2008 6.2%
Oct 2008 5.8%
Sep 2008 5.5%
Aug 2008 5.6%
Jul 2008 5.4%
Jun 2008 5.3%
May 2008 5%
Apr 2008 4.6%
Mar 2008 4.2%
Feb 2008 3.7%
Jan 2008 3.7%
Dec 2007 3.8%
Nov 2007 3.9%
Oct 2007 3.7%
Sep 2007 3.8%
Aug 2007 4%
Jul 2007 4.1%
Jun 2007 4%
May 2007 4%
Apr 2007 4%
Mar 2007 4.2%
Feb 2007 4.1%
Jan 2007 4%
Dec 2006 4%
Nov 2006 4.1%
Oct 2006 4.3%
Sep 2006 4.1%
Aug 2006 3.5%
Jul 2006 3.1%
Jun 2006 3.2%
May 2006 3%
Apr 2006 3.2%
Mar 2006 3.4%
Feb 2006 3.8%
Jan 2006 3.9%
Dec 2005 3.3%
Nov 2005 2.9%
Oct 2005 3%
Sep 2005 3.5%
Aug 2005 4%
Jul 2005 4.5%
Jun 2005 4.3%
May 2005 4.6%
Apr 2005 4.6%
Mar 2005 4.4%
Feb 2005 4.3%
Jan 2005 4.5%
Dec 2004 5.2%
Nov 2004 5.4%
Oct 2004 5.4%
Sep 2004 5.1%
Aug 2004 4.8%
Jul 2004 4.5%
Jun 2004 4.4%
May 2004 4.3%
Apr 2004 4.2%
Mar 2004 4.2%
Feb 2004 4.5%
Jan 2004 4.2%
Dec 2003 4%
Nov 2003 4%
Oct 2003 4%
Sep 2003 4%
Aug 2003 4%
Jul 2003 4.1%
Jun 2003 4.3%
May 2003 4.7%
Apr 2003 5.2%
Mar 2003 5.6%
Feb 2003 5.5%
Jan 2003 5.2%
Dec 2002 5.7%
Nov 2002 5.4%
Oct 2002 4.9%
Sep 2002 5%
Aug 2002 5.3%
Jul 2002 5.5%
Jun 2002 4.9%
May 2002 4.7%
Apr 2002 4.7%
Mar 2002 4.7%
Feb 2002 4.8%
Jan 2002 4.8%
Dec 2001 4.4%
Nov 2001 5.4%
Oct 2001 5.9%
Sep 2001 6.1%
Aug 2001 5.9%
Jul 2001 5.9%
Jun 2001 6.6%
May 2001 7%
Apr 2001 7.1%
Mar 2001 7.2%
Feb 2001 7.1%
Jan 2001 8.1%
Dec 2000 9%
Nov 2000 8.9%
Oct 2000 8.9%
Sep 2000 8.8%
Aug 2000 9.1%
Jul 2000 9.1%
Jun 2000 9.4%
May 2000 9.5%
Apr 2000 9.7%
Mar 2000 10.1%
Feb 2000 10.5%
Jan 2000 11%
Dec 1999 12.3%
Nov 1999 13.9%
Oct 1999 14.9%
Sep 1999 15.8%
Aug 1999 16.6%
Jul 1999 17%
Jun 1999 17.4%
May 1999 18%
Apr 1999 18.2%
Mar 1999 18.3%
Feb 1999 18.5%
Jan 1999 19%
Dec 1998 18.6%
Nov 1998 17.4%
Oct 1998 16.6%
Sep 1998 15.9%
Aug 1998 15.5%
Jul 1998 15.4%
Jun 1998 15.3%
May 1998 15%
Apr 1998 15.1%
Mar 1998 15.3%
Feb 1998 15.3%
Jan 1998 15.3%
Dec 1997 15.7%
Nov 1997 17.8%
Oct 1997 18.2%
Sep 1997 18.8%
Aug 1997 19.2%
Jul 1997 19.7%
Jun 1997 20.4%
May 1997 21.2%
Apr 1997 22.3%
Mar 1997 24.5%
Feb 1997 25.6%
Jan 1997 26.4%
Dec 1996 27.7%
Nov 1996 27.8%
Oct 1996 29%
Sep 1996 30%
Aug 1996 30.6%
Jul 1996 31%
Jun 1996 31.8%
May 1996 33.8%
Apr 1996 36.9%
Mar 1996 43.8%
Feb 1996 49%
Jan 1996 51.7%
Dec 1995 52%
Nov 1995 48.5%
Oct 1995 45.7%
Sep 1995 43.5%
Aug 1995 41.6%
Jul 1995 39.9%
Jun 1995 37.7%
May 1995 34.1%
Apr 1995 29.4%
Mar 1995 20.4%
Feb 1995 14.3%
Jan 1995 10.2%
Dec 1994 7%
Nov 1994 6.9%
Oct 1994 6.8%
Sep 1994 6.7%
Aug 1994 6.7%
Jul 1994 6.8%
Jun 1994 6.8%
May 1994 6.9%
Apr 1994 7%
Mar 1994 7.1%
Feb 1994 7.2%
Jan 1994 7.5%
Dec 1993 8%
Nov 1993 8.7%
Oct 1993 9.1%
Sep 1993 9.5%
Aug 1993 9.6%
Jul 1993 9.7%
Jun 1993 9.9%
May 1993 10%
Apr 1993 10.1%
Mar 1993 10.4%
Feb 1993 10.9%
Jan 1993 11.3%
Dec 1992 11.9%
Nov 1992 13%
Oct 1992 14.8%
Sep 1992 15.3%
Aug 1992 15.5%
Jul 1992 15.6%
Jun 1992 15.8%
May 1992 16.3%
Apr 1992 16.6%
Mar 1992 16.8%
Feb 1992 17.3%
Jan 1992 18%
Dec 1991 18.8%
Nov 1991 19.7%
Oct 1991 19.9%
Sep 1991 20.2%
Aug 1991 20.8%
Jul 1991 22%
Jun 1991 23.1%
May 1991 24.5%
Apr 1991 25.4%
Mar 1991 26%
Feb 1991 26.5%
Jan 1991 27.1%
Dec 1990 29.9%
Nov 1990 30.2%
Oct 1990 28.6%
Sep 1990 28.7%
Aug 1990 28.1%
Jul 1990 27.1%
Jun 1990 26.1%
May 1990 24.9%
Apr 1990 24.4%
Mar 1990 24.4%
Feb 1990 23.6%
Jan 1990 22.5%
Dec 1989 19.7%
Nov 1989 18.2%
Oct 1989 18.1%
Sep 1989 17.3%
Aug 1989 16.9%
Jul 1989 16.8%
Jun 1989 17.6%
May 1989 18.5%
Apr 1989 19.2%
Mar 1989 21%
Feb 1989 25.9%
Jan 1989 34.6%
Dec 1988 51.7%
Nov 1988 70.5%
Oct 1988 81.6%
Sep 1988 95.2%
Aug 1988 106.9%
Jul 1988 121.8%
Jun 1988 135.8%
May 1988 147.8%
Apr 1988 161.4%
Mar 1988 175.8%
Feb 1988 179.7%
Jan 1988 176.8%
Dec 1987 159.2%
Nov 1987 143.7%
Oct 1987 141%
Sep 1987 135.2%
Aug 1987 133.9%
Jul 1987 133.4%
Jun 1987 126.7%
May 1987 125%
Apr 1987 120.9%
Mar 1987 113.7%
Feb 1987 109.8%
Jan 1987 104.3%
Dec 1986 105.8%
Nov 1986 103.7%
Oct 1986 99.6%
Sep 1986 96%
Aug 1986 92.2%
Jul 1986 85.8%
Jun 1986 83.2%
May 1986 76.4%
Apr 1986 71.1%
Mar 1986 67.6%
Feb 1986 66.4%
Jan 1986 65.9%
Dec 1985 63.8%
Nov 1985 59.8%
Oct 1985 58%
Sep 1985 57.5%
Aug 1985 56%
Jul 1985 53.7%
Jun 1985 53.4%
May 1985 55.1%
Apr 1985 56.5%
Mar 1985 58.4%
Feb 1985 59%
Jan 1985 60.8%
Dec 1984 59.2%
Nov 1984 59.2%
Oct 1984 63%
Sep 1984 62.7%
Aug 1984 62.8%
Jul 1984 64.5%
Jun 1984 67.1%
May 1984 67.4%
Apr 1984 69.1%
Mar 1984 72.3%
Feb 1984 73.2%
Jan 1984 73.4%
Dec 1983 80.8%
Nov 1983 91.9%
Oct 1983 90.4%
Sep 1983 93.8%
Aug 1983 98.1%
Jul 1983 112.1%
Jun 1983 112.5%
May 1983 114.6%
Apr 1983 117.2%
Mar 1983 115.4%
Feb 1983 113%
Jan 1983 110%
Dec 1982 98.8%
Nov 1982 84.5%
Oct 1982 79%
Sep 1982 74%
Aug 1982 68.2%
Jul 1982 54.4%
Jun 1982 49.4%
May 1982 44.5%
Apr 1982 38.9%
Mar 1982 34.7%
Feb 1982 32.7%
Jan 1982 30.9%
Dec 1981 28.7%
Nov 1981 28.6%
Oct 1981 28.4%
Sep 1981 27.5%
Aug 1981 26.5%
Jul 1981 26.6%
Jun 1981 27.8%
May 1981 28.6%
Apr 1981 28.7%
Mar 1981 28.1%
Feb 1981 28%
Jan 1981 27.8%
Dec 1980 29.9%
Nov 1980 28.8%
Oct 1980 28.2%
Sep 1980 28.5%
Aug 1980 28.6%
Jul 1980 27.9%
Jun 1980 26%
May 1980 24.9%
Apr 1980 24.5%
Mar 1980 23.4%
Feb 1980 22.6%
Jan 1980 21.6%
Dec 1979 20%
Nov 1979 18.9%
Oct 1979 18.6%
Sep 1979 18%
Aug 1979 17.9%
Jul 1979 17.3%
Jun 1979 17.9%
May 1979 18.2%
Apr 1979 17.8%
Mar 1979 18%
Feb 1979 17.7%
Jan 1979 17.7%
Dec 1978 16.2%
Nov 1978 16.8%
Oct 1978 16.9%
Sep 1978 16.4%
Aug 1978 17.1%
Jul 1978 18.3%
Jun 1978 17.6%
May 1978 17.5%
Apr 1978 17.4%
Mar 1978 17.8%
Feb 1978 18.6%
Jan 1978 19.5%
Dec 1977 20.7%
Nov 1977 22%
Oct 1977 26.1%
Sep 1977 32.2%
Aug 1977 34.4%
Jul 1977 32.9%
Jun 1977 32.5%
May 1977 31.4%
Apr 1977 31.2%
Mar 1977 30.2%
Feb 1977 29.2%
Jan 1977 28.8%
Dec 1976 27.2%
Nov 1976 25.1%
Oct 1976 20.5%
Sep 1976 14.7%
Aug 1976 11.7%
Jul 1976 11.6%
Jun 1976 11.6%
May 1976 13%
Apr 1976 13.7%
Mar 1976 13.9%
Feb 1976 13.5%
Jan 1976 12%
Dec 1975 11.3%
Nov 1975 11.3%
Oct 1975 13.6%
Sep 1975 15.2%
Aug 1975 15.7%
Jul 1975 15.9%
Jun 1975 16.6%
May 1975 15.8%
Apr 1975 15.2%
Mar 1975 15.8%
Feb 1975 15.9%
Jan 1975 17.9%
Dec 1974 20.6%
Nov 1974 24.3%
Oct 1974 22.4%
Sep 1974 21.6%
Aug 1974 23.1%
Jul 1974 23.8%
Jun 1974 25.1%
May 1974 24.9%
Apr 1974 25.3%
Mar 1974 25.5%
Feb 1974 25.7%
Jan 1974 23.9%

Recent Events

datetime event actual previous consensus
2025-10-09 08:00 AM Inflation Rate YoY (Sep) 3.76% 3.57% 3.79%
2025-09-09 08:00 AM Inflation Rate YoY (Aug) 3.57% 3.51% 3.57%
2021-02-09 07:00 AM Inflation Rate YoY (Jan) 3.54% 3.15% 3.46%

Next Release Date :

Mexico Inflation Rate : Definition
Mexico's inflation rate measures the year-over-year percentage change in the Consumer Price Index (CPI), released by INEGI. The main CPI categories are food and non-alcoholic beverages, housing, transport, and energy.