Although private consumption declined at the end of 2024, in January 2025 it achieved a slight increase of 0.1% at a monthly rate compared to December of last year, when it had a monthly decrease of 0.5% , estimated the National Institute of Statistics and Geography (Inegi) .
According to the Timely Indicator of Private Consumption (IOCP) , for December 2024, the organization forecasts an annual variation in private consumption in the domestic market of 0.6% and for the first month of this year of 1.9 percent .
According to Inegi data, consumption behavior in December 2024 and January 2025 occurred in a context where inflation stood at 4.21% at an annual rate at the end of last year, while in the first month of 2025 it was 3.59%annually.
The above indicates that general inflation in January 2025 continued to slow down, after reaching 3.69 percent in the first half of that month . In addition, the behavior of January 2025 represented the lowest level since February 2021. With this, inflation in Mexico also linked three months of decline.
According to the financial institution Banamex , since the second half of last year, inflation in the country has been declining, although it predicted that by the end of this year it could be 3.8 percent .
The same institution estimated that the 25% tariffs proposed by the President of the United States, Donald Trump , for Mexico, if applied, would aim to be inflationary , which would affect domestic consumption.
The figures from the Timely Indicator of Private Consumption were also released after the Bank of Mexico (Banxico) lowered the interest rate by 50 basis points on February 6, leaving it at 9.5 percent .
Inegi noted that the IOCP presents an advance estimate of the Monthly Indicator of Private Consumption (IMCP) , and its purpose is to provide timely and accurate estimates of private consumption in Mexico.
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