El cargo Private consumption in Mexico is not picking up; it shows a decline in February apareció primero en T21.

Despite the fact that in January 2026 inflation stood at 3.79% at an annual rate , which meant an increase of 0.38% compared to December 2025, Mexicans opened their wallets in the first month of the year, defying the January slump.

According to the Timely Indicator of Private Consumption (IOCP), the acquisition of goods and services in the country would have increased 4.7% year-on-year in January , according to figures from the  National Institute of Statistics and Geography (Inegi) .

In February 2026, this indicator would also have shown positive figures, registering an annual increase of 3.5% .

Conversely, on a monthly basis, the IOCP predicted a slowdown of 0.6% in the first month of the year , while for February it projected an increase of 0.1 percent .

“Private spending during February was affected by disruptions to economic activity resulting from the episodes of violence and blockades recorded in the country during the month, particularly in the Bajío-West region,” the financial institution BBVA noted .

The IOCP aims to provide timely and accurate estimates of private consumption , which is one of the country’s economic drivers, according to Inegi.

Measuring this economic indicator is key in Mexico, as it represents around 70% of the country’s Gross Domestic Product (GDP) , and it also helps to understand the population’s economic capacity to acquire  goods  and  services.

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El cargo Mexicans defy the January financial strain; private consumption accelerates at the start of 2026 apareció primero en T21.

In that regard, the  Timely Indicator of Private Consumption (IOCP)  estimated an increase in consumption of 3.2% annually  for October 2025 , as well as  2.6%, also at an annual rate, for November , according to figures from the  National Institute of Statistics and Geography (Inegi) .

On a monthly basis, the IOCP predicted a rise of  0.3%  in the tenth month of the year, while for November it projected a decline of 0.1 percent.

The IOCP aims to provide timely and accurate estimates of private consumption, which is one of the country’s economic drivers, according to Inegi.

Private consumption  is  a  key  economic indicator in Mexico, as it represents around 70% of the country’s Gross Domestic Product (GDP) . 

The gradual recovery of household income has boosted consumption, with services being the segment with the greatest potential.

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El cargo Private consumption in Mexico is expected to rebound during October apareció primero en T21.

The increase in the purchase of domestic and foreign products resulted in a 0.6% increase in private consumption in Mexico during August 2025 compared to last July, according to the Monthly Indicator of Private Consumption (IMCP) , prepared by the  National Institute of Statistics and Geography (Inegi), which was released this Wednesday .

This increase marked the fourth monthly advance of the IMCP so far this year and also reflected the positive evolution of household spending  on goods and services , despite the country’s economic volatility.

In the reference month, the indicator stood at 112.1 points . In its year-on-year comparison, private consumption increased by 0.9% in the eighth month of 2025.

Measuring private consumption is important because it represents the spending by Mexican families on the purchase of goods and services, making it a key indicator of the economy.

According to seasonally adjusted figures and monthly rates, consumption of  domestically produced goods and services  increased by 0.8 percent . Goods saw a 1.3% increase, while services rose by 0.2 percent. As for  imported goods, consumption increased by 0.3% in August of this year compared to the previous month.

In its annual measurement, spending on domestic goods and services grew 0.3% and spending on imported goods advanced 4.4 percent.

After a drop last July, private consumption rebounded in August, driven by the return to school, BBVA Research estimated , noting that, although the increase represents a respite for this segment of economic activity, “it is not enough to consolidate a sign of recovery towards the second half of the year, particularly given the continued deterioration of consumer confidence.”

According to Inegi, “the Monthly Indicator of Private Consumption measures the spending behavior of households on consumer goods and services, both of national and imported origin.”

Consumer confidence declines in October

According to data from Inegi and the  Bank of Mexico (Banxico) , the  Consumer Confidence Indicator (ICC) reached  46.1 points  in October 2025, representing a drop of  0.3 units  compared to last September, while at an annual rate and with seasonally adjusted figures, the indicator registered a decrease of  3.2 points  in the period.

In the reference month, the component that measures the current economic situation of household members compared to what it was 12 months ago was the only one that increased, with a monthly advance of 0.2 points.

The country’s future economic situation was the component with the largest decline, falling 0.8 points month-over-month. This was followed by the component that assesses the current ability of household members to purchase durable goods , which fell 0.6 points compared to September 2025.

The country’s economic situation today, compared to 12 months ago , fell by 0.3 units, and the expected economic situation of household members within 12 months, compared to the current one , decreased by 0.1 monthly points.

“The Consumer Confidence Indicator measures consumers’ perceptions of their current economic situation and that of the country, as well as their expectations,” Inegi stated.

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El cargo Private consumption in Mexico increases during August apareció primero en T21.