In the first half of August 2026, the annual general inflation rate in Mexico stood at 3.26% , which was the highest level since the first half of June last year, when it stood at 3.55%, according to the National Institute of Statistics and Geography (Inegi) .
According to the agency, the National Consumer Price Index (INPC) registered a bi-weekly increase of 0.10% in the first half of August.
The core inflation index —which excludes volatile goods and services or those whose prices are not determined by market conditions— rose 0.08% on a biweekly basis . Within this index, goods prices increased 0.07% and services prices 0.09%.
Meanwhile, the non-core price index —which includes goods and services whose prices are subject to fluctuations— rose 0.18% biweekly . Within this index, agricultural product prices increased 0.39%, while energy and regulated tariff prices rose 0.02% during the period.
In the first half of August of this year, the products whose upward price variations impacted overall inflation were onions with an increase of 19.03%, serrano peppers with 8.92%, eggs with 7.92%, other fruits with 3.53%, tequila with 2.80%, and educational services with 0.79% on a bi-weekly basis.
In contrast, the products with the greatest decrease in their cost during the cycle were potatoes and other tubers with a price drop of 5.97%, zucchini with 5.82%, air transport with 5.02% (derived from the end of the holiday period), tomatoes with 4.86%, avocados with 3.66% and LP domestic gas with a decrease of 2.05% on a bi-weekly basis.
The states with variations above the national average were Tabasco, Yucatán, and Quintana Roo . Meanwhile, the states that reported the smallest increases in the first half of August were Baja California Sur, San Luis Potosí, and Tamaulipas .
According to an analysis by Grupo Financiero Ve por Más (BX+) , the year-on-year variation accelerated for the second consecutive reading and was the highest in four observations.
“This was mainly due to less weakness in agricultural products. The underlying inflation rate adjusted marginally, still fluctuating trivially below 4% despite an environment of currency appreciation and economic weakness,” he indicated.
According to the INPC result, inflation in the first half of August reflects persistent pressures in services and food; however, it remains within the price stability range of the Bank of Mexico , which is 3% +/- one percentage point.
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