Mexicans open their wallets; they anticipate growth in private consumption in February

Consumption in Mexico is estimated to have increased in the second month of the year, both on a monthly and annual basis.

The Timely Indicator of Private Consumption (IOCP) anticipated a 0.2% monthly increase in consumption for February 2026, and also estimated a 2.1% annual growth rate , according to figures from the National Institute of Statistics and Geography (Inegi) .

Meanwhile, for March, the agency projected that the IOCP will not show changes on a monthly basis, which would reflect a slowdown in the pace of spending in Mexican households; while in its annual measurement it forecasts an increase of 2.1 percent.

For both months, the consumption index would stand at 112.4 points , which could signify a trend of stability, although without clear signs of expansion.

The Inegi estimates come in a context where the general annual inflation has remained on the rise, standing at 4.02% last February and at 4.59% in March of this year .

According to projections from the International Monetary Fund (IMF) , inflation in Mexico could reach 3.9% in 2026, which anticipates an improvement in the face of the price increases of several products in the basic food basket during the first three months of the year.

Despite the slight growth of the IOCP, Mexican consumers continue to show restraint when acquiring goods and services, resulting from a less dynamic Mexican economy, and have therefore adopted new forms of consumption, opting for lower-cost products and reducing their expenses .