In April 2026, Mexico’s annual general inflation rate stood at 4.45% , breaking a streak of three consecutive months of increases, the National Institute of Statistics and Geography (Inegi) reported on Thursday .
This result stemmed from a decrease in the non-core price index (goods and services whose prices are subject to fluctuations) which fell 0.18% on a monthly basis.
Domestically, energy prices and government-regulated tariffs fell 1.03%, primarily due to adjustments in electricity rates in 18 cities across the country, as part of the summer season pricing scheme. Meanwhile, fruit and vegetable prices rose 3.47% month-on-month.
Meanwhile, the core price index —which does not take into account the most volatile goods and services— increased 0.31% month-on-month, with the cost of goods and services rising 0.31 percent.
Although inflation slowed down last April compared to the 4.59% annual rate of March 2026, the price of some basic goods registered increases.
During the period, the poblano pepper increased its cost by 41.42% monthly, the serrano pepper showed an increase of 36.27%, the tomato by 19.25%, potatoes and other tubers by 12.23%, high octane gasoline by 6.16% and urban bus fares by 3.44% on a monthly basis.
Conversely, the products with the greatest price decrease during the cycle were green tomato with 34.80%, zucchini with 18.57%, lemon with 14.58%, electricity with 14%, air transport with 7.52% and egg with 3.48% monthly.
Among the states with the largest monthly increases in the National Consumer Price Index (INPC) were Durango, Jalisco, and Zacatecas. Meanwhile, Tabasco, Yucatán, and Campeche were among the states with variations below the national average.
The result for April 2026 represents the first month, so far this year, that inflation shows a drop, since last January it stood at 3.79%, in February it stood at 4.02% and in March at 4.59% at an annual rate.
Industry analysts, such as Grupo Financiero BASE , have estimated that inflation will close 2026 at 4.2%, which would mean an increase in the costs of various products.
According to Inegi, the INPC is a measure of the average change in the prices of the products that make up a basket of goods and services representative of the consumption of households in the country over time.
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