In June 2026, Mexico’s annual general inflation rate stood at 3.37% , continuing the slowdown recorded since last April, the National Institute of Statistics and Geography (Inegi) reported on Thursday .
This result, which marks the second consecutive month below 4% in the National Consumer Price Index (INPC), stemmed from the drop in prices of some agricultural products.
According to INEGI, the core inflation index , which excludes highly volatile goods and services, increased 0.24% month-on-month . Within this index, goods prices rose 0.18% and services prices increased 0.30%.
The non-core price index (goods and services whose prices are subject to fluctuations) fell 2.04% month-on-month. Within this index, fruit and vegetable prices dropped 8.99%, while energy and government-regulated prices rose 0.08%.
However, although inflation slowed last June, the price of some basic food items increased, affecting Mexicans’ wallets when preparing meals.
During the period, avocados increased by 24.53%, oranges by 9.55%, potatoes and other tubers showed an increase of 9.32%, onions by 6.87%, and other cooked foods increased by 1.31% on a monthly basis.
Conversely, the products with the greatest price decreases during the cycle were poblano peppers with 40.43%, tomatoes with 38.98%, serrano peppers with 26.88%, grapes with 18.96%, lemons with a drop of 8.94%, eggs with 7.21%, and automobiles with a monthly decrease in cost of 0.59%.
Grupo Financiero Ve por Más (BX+) reported that year-on-year inflation slowed for the third consecutive month . This largely reflected the decline in agricultural products. The core inflation index showed some moderation but remains at high levels, marking 14 consecutive days above 4 percent.
According to their analysis, the underlying variation was slightly lower than its historical average due to the modest dynamism in non-food goods, where the decline in automobiles stood out.
“The inflation outlook is complex, although it appears to be showing a marginally less pronounced bias. This is because energy commodity prices have partially eased in the last month. On the other hand, risks associated with a context of wage pressures and low productivity persist, while less slack in the economy is expected during the coming quarters,” the financial institution warned.
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