Mexican consumers remain hesitant when purchasing goods and services, despite the fact that inflation has begun to decline and the Mexican economy shows signs of a slight recovery.
According to the National Institute of Statistics and Geography (INEGI) , the Monthly Indicator of Private Consumption (IMCP) registered a 1% decline in May 2025 compared to last April, while in annual terms it fell by 0.9 percent .
This decrease, which is the largest so far this year, reflected a decline in household spending on domestic goods and services .
According to seasonally adjusted monthly figures, consumption of domestic goods and services fell 1.3%; goods fell 2.4%, and services decreased 0.1%.
Meanwhile, imported goods increased 0.3% in May of this year compared to the previous month.
In its annual measurement, spending on domestic goods and services grew 0.3 percent, and on imported goods it decreased 5.3 percent.
Private consumption, one of the driving forces of the Mexican economy, showed a negative performance in May 2025, after having increased last April, registering a 1.1% monthly increase, while, in annual terms, it grew by 0.7% .
Inflation is one of the factors that affects consumption, since when it increases, the prices of products, services, and goods increase, resulting in a decrease in purchases.
The Monthly Private Consumption Indicator provides an overview of household spending on consumer goods and services, both domestic and imported, explained INEGI.
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