Inflation in Mexico continues to slow. In May 2026, the National Consumer Price Index (INPC), which measures the average change in prices of products that make up a basket of goods and services representative of household consumption in the country, stood at 3.94% year-on-year , according to information from the National Institute of Statistics and Geography (Inegi) .

According to the agency, the core inflation index , which excludes goods and services with high volatility or whose prices do not respond to market conditions, increased 0.22% month-on-month . Within this index, goods prices rose 0.16% and services prices increased 0.29%.

The  non-core price index  —which includes goods and services whose prices are subject to fluctuations— fell 1.65% month-on-month . Within this index, fruit and vegetable prices dropped 3.18%, and energy and government-regulated prices decreased 1.67%. This was a result of seasonal reductions in electricity rates in 11 cities across the country.

Although inflation receded slightly during the period, the price of some products continues to put pressure on Mexicans’ wallets, such as potatoes and other tubers,  which increased in cost by 12.68%, LP domestic gas  by 2.04%, chicken by 1.52%, and corn tortillas with a monthly increase of 0.81%.

Conversely,  cucumber  was the product that decreased the most with a drop of 31.50%, followed by  green tomato  with a drop of 28.73%,  electricity  with 17.88%,  lemon  with 18.51%, natural domestic gas with a decrease of 7.88% and egg  with 4.92% monthly.

The states with a CPI variation above the national average were Hidalgo, Yucatán, and Jalisco. Meanwhile, Sinaloa, Sonora, and Baja California Sur were the states that reported the smallest increases in May 2026.

According to an analysis by Grupo Financiero Ve por Más (BX+) , the inflationary outlook is complex. Energy commodity prices remain high due to the conflicts in the Middle East, and their ultimate effects on inflation are still uncertain.

“This adds to the high levels of underlying inflation, despite a context of low economic dynamism,” he stressed, and indicated that on an annual basis, overall inflation was just below 4% for the first time in four observations .

“The inflationary outlook remains challenging. Energy commodity prices continue to be affected by geopolitical conflicts. This, coupled with a local context of wage pressures and expectations that economic activity will eventually show less weakness going forward,” the analysis stated.

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El cargo Mexicans’ wallets “breathe” a sigh of relief; inflation slows in May apareció primero en T21.

Inflation in Mexico, which continues to rise and reached 4.63% annually in the first half of March 2026, has caused, along with factors such as a slowdown in the Mexican economy, a deterioration in the perception that families have about their financial situation.

In that context, the Consumer Confidence Indicator (CCI), based on the results of the National Survey on Consumer Confidence (ENCO), reached  44.1 points in the third month of the year , which represented a decrease of 0.3 units compared to February 2016, according to information from the  National Institute of Statistics and Geography (Inegi) and the Bank of Mexico (Banxico) .

In its year-on-year comparison and with seasonally adjusted figures, the ICC also showed a slowdown, registering a drop of 2 points  in March 2026.

During March, the component that measures the current possibilities of household members, compared to those of a year ago, to make purchases of furniture, television, washing machine, among others , decreased by 1.2 monthly points.

Meanwhile, the country’s current economic situation, compared to 12 months ago , has declined by 1.2 points month-on-month. Similarly, the expected economic situation of household members in 12 months, compared to the present , fell by 0.5 points in March 2026 compared to last February.

The component that measures the current economic situation of household members compared to what it was 12 months ago decreased by 0.2 units on a monthly basis.

The category that captures expectations about the country’s economic situation expected within 12 months compared to the current situation remained unchanged in its monthly measurement.

On an annual basis, all five components of the ICC fell , with the expected economic situation of the country in 12 months compared to the current one showing the greatest decrease at 3.5 points.

Data from INEGI reveals  consumer concern about Mexico’s current economic situation, which, according to financial institutions and analysts, remains moderate amid rising inflation.

The  country’s economic outlook is not encouraging . Along those lines, the most recent Citi Mexico Expectations Survey indicated that Gross Domestic Product (GDP) growth for this year has been reduced to 1.4% from the 1.5% projected in the previous survey.

Meanwhile, it was estimated that inflation for 2026 could reach 4.23% , up from a previous 4.1%, which would increase the cost of various basic goods, affecting the wallets of Mexicans.

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El cargo Mexican consumer confidence declines in March apareció primero en T21.

Inflation in Mexico continues unabated. In the first half of March 2026, the National Consumer Price Index (INPC) , which measures the average change in prices of products that make up a basket of goods and services, stood at 4.63% year-on-year , representing an increase of 0.62% compared to the previous two weeks, the National Institute of Statistics and Geography (Inegi) announced on Tuesday  .

“The inflationary outlook has recently deteriorated due to the escalation of geopolitical conflicts and the resulting increase in international energy prices, coupled with a reluctance to lower core inflation,” the Financial Group Ve por Más (BX+) noted in an analysis.

According to INEGI, the  core inflation index —which excludes goods and services with the most volatile prices—rose 0.22% biweekly. Within this index, goods prices increased 0.20% and services prices 0.25% .

“The underlying index remains stubbornly high, despite moderating slightly. It has now been above 4% for 10 consecutive months,” BX+ noted.

The  non-core price index —which includes goods and services whose prices are subject to fluctuations—rose 1.96% biweekly. Within this index, fruit and vegetable prices increased 8.34%, while energy and regulated tariff prices rose 0.48% biweekly .

Products that impacted the CPI

Tomatoes (32.17%), air transport (21.86%), zucchini (16.78%), lemons (13.11 %), tomatillos (10.79%), potatoes and other tubers (7.77%), chicken ( 3.18%), and electricity (2.17%) were the products that showed the greatest price increases during the reference period.

Conversely, the products with the greatest decrease in their cost during the cycle were nopales with 5.49%; internet, telephone and pay television packages with a decrease of 3.47%, other fruits with a decrease of 1.66%, eggs with 1.33% and pork with a decrease of 0.57% on a biweekly basis.

The states with variations above the national average were  the State of Mexico, Puebla, and Tlaxcala . Meanwhile, the states that reported the smallest increases in the first half of March were Baja California Sur, Chihuahua, and Campeche .

According to the Ve por Más Financial Group, the year-on-year variation reached a 10-fortnight high due to pressures in agricultural products and an increase in energy products.

“The year-on-year change accelerated for the fifth consecutive reading, the highest in 10 observations. In addition, it had two fortnights above 4%,” he emphasized.

Inflation during the period remains above the target set by the Bank of Mexico (Banxico) , which is 3% by the end of 2026.

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El cargo Basic food basket prices skyrocket! Inflation maintains its upward trend in the first half of March apareció primero en T21.

In the first half of February 2026, the annual general inflation rate in Mexico was 3.92% , due to the increase in the cost of some agricultural products such as lemons and tomatoes, according to data from the  National Institute of Statistics and Geography (Inegi) .

According to the agency, in the reference period, the National Consumer Price Index (INPC) increased 0.25% compared to the previous two weeks , thus maintaining the upward trend recorded at the beginning of 2026.

“The National Consumer Price Index (INPC) showed its largest variation for the first half of February in three years. The pressure originated from the non-core index, where the rise in fruits and vegetables overshadowed the declines in livestock and energy products,” the Financial Group Ve por Más (BX+) noted in an analysis.

The core inflation index , which excludes goods and services with more volatile prices or those not responsive to market conditions, rose 0.22% on a bi-weekly basis. Within this index, goods prices increased 0.20% and services prices 0.24%.

“The underlying inflation rate was the lowest for the same fortnight since 2021, thanks to slightly lower than usual growth in non-food goods, while in services there was some pressure in education, which is usual at the beginning of each year,” BX+ said.

According to INEGI, the non-core price index , which includes goods and services whose prices are subject to fluctuations, rose 0.32 percent on a bi-weekly basis. Within this index, fruit and vegetable prices increased by 2.10 percent , while energy prices and government-regulated tariffs decreased by 0.01 percent.

The products with the largest price increases in the first half of February 2026, which contributed to overall inflation, were tomatillos (green tomato) at 17.84%, lemons at 17.03%, potatoes and other tubers at 13.16%, tomatoes at 7.90%, and university fees at 0.72%.

Conversely, the products with the greatest decrease in their cost during the cycle were  zucchini  with 8.93%,  chayote with 7.49%, onion with 4.59%, other fresh chilies with 3.96%, pork with 0.57%, chicken with 0.55%, and LP domestic gas with a decrease of 0.54 percent.

Meanwhile, Veracruz, Nayarit, and Puebla were the states that registered the largest increases in the National Consumer Price Index (INPC) during the period. Oaxaca, Baja California Sur, and Baja California were the states that showed a variation below the national average during the same period.

“The year-on-year change accelerated for the third consecutive reading and was the highest in five observations. This was explained by the partial reversal from atypically low levels in the non-core index, where a rebound was observed in fruits and vegetables,” BX+ emphasized.

According to the analysis by Grupo Financiero Ve por Más, the inflationary outlook is still complex, as the economy will face less slack and wage pressures.

In that environment, he considered that the monetary stance of the Bank of Mexico (Banxico) is in neutral territory, “so we believe that the central bank has a very narrow margin of maneuver.”

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El cargo Not even Valentine’s Day is safe! Inflation soars in the first half of February apareció primero en T21.

The increase in the prices of cigarettes, soft drinks and lemons placed the National Consumer Price Index (INPC) at 3.79% at an annual rate in January 2026 , which meant an increase of 0.38% compared to the previous month, according to information from the  National Institute of Statistics and Geography (Inegi)  published on Monday.

According to the agency, the  core inflation index , considered a better indicator of overall price increases because it excludes highly volatile goods and services or those not subject to market conditions, rose 0.60% month-on-month . Within this index, goods prices increased by 0.92% and services prices by 0.30%.

Meanwhile, the  non-core price index  —which includes goods and services whose prices are subject to fluctuations, such as weather conditions—  decreased 0.36% month-on-month . Within this index, agricultural product prices fell 0.86%, while energy and regulated tariff prices rose 0.03%.

Among the products that registered increases in the first month of 2026 are lemons with 21.21%, cigarettes with 14.51%, bananas with 12.96%, and soft drinks with a monthly increase of 5.53%.

The price increase for soft drinks and cigarettes stemmed from the rise in the Special Tax on Production and Services (IEPS) , which was updated by the Mexican Congress this year. The adjustments include a tax of 0.8516 pesos per cigarette, while for sweetened beverages, the tax is 3.0818 pesos per liter for those containing added sugars and 1.50 pesos per liter for those containing sweeteners.

Conversely,  air transportation showed a 36.64% decrease month-over-month, due to the end of the year-end holidays. Other products that reported price decreases during January 2026 were  serrano peppers  (25.51%),  lettuce and cabbage  (10.43%),  tourist services (8.79%), onions  (7.65%),  eggs  (6.31%), and LP gas (2.75% month-over-month).

By state, Yucatán (1.17%), Quintana Roo (1.15%) and Campeche (0.98%) were the states with the largest increases in the CPI during the cycle; while Baja California Sur (-0.11%) and Durango (-0.10%) showed a monthly variation below the national average.

The post-holiday financial strain continues to hit Mexicans’ wallets, with the rise in the National Consumer Price Index (INPC) recorded both in the first half of 2026, when it stood at 3.77%, and throughout January of this year, according to the results released this Monday.

This increase was anticipated by analysts, who even expected a greater variation in inflation at the start of the year.

According to estimates from the International Chamber of Commerce Mexico (ICC Mexico) , inflation in the country could be above 4% during some periods of 2026.

“This environment will lead the  Bank of Mexico (Banxico) to adopt a more cautious stance, anticipating only two additional interest rate cuts during 2026, which would bring the benchmark rate to close the year at 6.5%, slowing the pace of monetary easing previously observed,” the agency projected.

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El cargo No obstacles! Inflation in Mexico accelerates during January apareció primero en T21.

After rising in the first months of 2025, inflation in Mexico showed a decline in the first half of July, marked by lower costs for various agricultural products, such as lemons and avocados.

During the reference period, the  National Consumer Price Index (INPC) , which measures the variation in prices of a basket of goods and services, reached  3.55% at an annual rate, the National Institute of Statistics and Geography (INEGI)  announced on Thursday  .

In the first 15 days of July, the INPC registered a 0.15% variation  compared to the previous two weeks.

The  core price index , which excludes goods and services with more volatile prices or those that don’t respond to market conditions, showed a biweekly increase of 0.15%. Within this index, the cost of goods increased 0.05% and the cost of services grew 0.24%.

Meanwhile, the  non-core price index , which includes goods and services whose prices are more volatile and subject to fluctuations such as weather conditions, grew 0.16%, with agricultural products increasing 0.25%, and energy and government-authorized tariffs increasing 0.12% at a biweekly rate.

With the decline in the INPC in the first 15 days of July, this indicator has seen three consecutive fortnights of decline.

Nopales , up 14.44%; air transport , up 11.25%; lettuce and cabbage , up 8.71%; onions , up 4.20%; and eggs , up 3.29%, were among the products with the highest price increases in the first half of the seventh month of the year.

On the other hand, grapes  showed an 11.96% decrease in price; papayas fell 5.86%, lemons fell 5.73%, and green tomatoes and avocados registered price drops of 3.34% and 3.21%, respectively.

According to the National Institute of Statistics and Geography (INEGI), Oaxaca, Zacatecas, and Chiapas were among the states with the largest increases in the National Population Index (NCPI) during the period; while Veracruz, Puebla, and Sonora recorded variations below the national average.

With the data released in the first half of July by the National Consumer Price Index (INPC), inflation is approaching the target set by the Bank of Mexico (Banxico) , which is 3% with a variability interval of +/- 1 percent.

According to an analysis by Grupo Financiero Ve por Más (BX+) , the fortnightly variation was the lowest for the first fortnight of July since 2015.

“The year-on-year change fell below 4% for the first time in five observations and saw its lowest change since the second half of January. This was mainly explained by the moderation in non-core index prices—both agricultural and energy—which also faced a high comparison base,” he emphasized.

In its report, BX+ noted that increases in services other than housing and education were notable, specifically those related to tourism (air transportation, tour packages), “which is typical for the summer vacation period. On the other hand, decreases were observed in non-food items (diapers, detergents, clothing, household appliances).”

He noted that the underlying index slowed at the margin after posting seven consecutive upward readings . “Commodities continue to be under pressure, reaching their highest level since February 2024.”

Furthermore, he estimated that year-on-year growth in the CPI could remain below 4% in a context of weak economic growth . However, “we do not rule out revising our projections for this year in the near future,” given the prevalence of upside risks and high uncertainty about the inflation outlook.

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El cargo Inflation declines in the first half of July; these products fell in price apareció primero en T21.

Mexicans’ pockets continue to suffer from skyrocketing inflation due to the rise in prices for some basic staples, such as tomatoes and chicken, making even preparing a Mexican dish difficult for some consumers.

According to the  National Institute of Statistics and Geography (INEGI) , the  National Consumer Price Index (INPC) , which measures the variation in prices of a basket of goods and services, stood at 4.42% in May 2025 compared to its annual comparison.

With this result in the fifth month of the year,  the INPC had an increase for the fourth consecutive month at an annual rate , which is the highest record since November 2024, when it reached 4.55 percent.

In the reference period, the National Consumer Price Index reported a monthly increase of  0.28% , while the  underlying price index , which excludes goods and services with more volatile prices or that do not respond to market conditions, increased  0.30%  on a monthly basis, with an increase in the price of merchandise of  0.35%  and of services  of 0.24 percent .

The  non-core price index , on a monthly basis, rose  0.23 percent . Domestically, prices for agricultural products rose  3.48 percent  , and those for energy and government-authorized tariffs fell  2.12 percent .

Papaya , with 20.13%; chicken , with 10.62%; tomato , with 10.03%; potato and other tubers , with 6.92%; and beef , with 1.78%, were the products that saw the greatest increases during the period.

Meanwhile, the products that showed a price decrease in May 2025 were electricity , with 18.45%; lemons , with 10.48%; air transportation , with 7.58%; other fruits , with 3.48%; and eggs , with 0.54%.

The National Institute of Statistics and Geography (INEGI) indicated that among the states with the largest increases in the National Institute of Statistics and Geography (INPC) were Tabasco, with 1.06 percent; Hidalgo, with 1.03 percent; and Oaxaca, with 1.01 percent.

In turn, Sonora, Sinaloa, Baja California Sur, and Baja California were among the states with variations below the national average, with decreases of 2.89%, 2.56%, 1.35%, and 1.14%, respectively.

The inflationary scenario in Mexico is part of the complex situation facing the national economy, also stemming from the uncertainty surrounding global tariffs.

The INPC has been on the rise. Last April, this indicator stood at 3.93% , and in the first half of May, it reached 4.22% .

On May 28, the Bank of Mexico (Banxico) , in its Quarterly Report, lowered its economic growth forecast for the country from  0.6% to 0.1%  for 2025.

Among its estimates, the central bank reiterated that its 3% inflation target   could be reached by the  third quarter of 2026 , reflecting the current complex economic environment, which is likely to extend into next year.

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El cargo Unstoppable inflation! Several basic products are experiencing price increases. apareció primero en T21.

This increase represents the highest level of  inflation  since the first half of December 2024, when it was 4.44 percent .

In the reference period, the INPC reported a biweekly variation of  0.09%  , while the  underlying price index , which excludes goods and services with more volatile prices or that do not respond to market conditions, increased  0.16%  at a biweekly rate, with a rise in the price of merchandise of  0.13% and of services with  0.18 percent .

Also on a biweekly basis, the  non-core price index decreased by 0.15% , within which, the prices of agricultural products grew by 2.30%  and those of energy and government-authorized rates decreased by  2.10 percent .

Among the products that registered the greatest increases in the period were papaya (16.25%), chicken (8.96%), plantain (4.94%), and tomato (4.37%).

On the other hand, electricity prices fell by 18.45 percent, lemons by 7.31 percent, zucchini by 3.96 percent, and other fruits by 2.10 percent.

Among the entities with the largest increases in the INPC are Tabasco with 0.77%, Oaxaca with 0.70%, and the State of Mexico with 0.69 percent.

Sonora, Sinaloa, and Baja California Sur showed variations below the national average, with decreases of 3.09%, 2.77%, and 1.47%, respectively.

For its part, the financial institution Ve por más estimated that year-on-year growth in the CPI could close the year slightly below current levels, noting that upside risks and significant uncertainty about the outlook remain.

In his analysis of inflation for the first half of 2025, he indicated that the core index has risen for four fortnights and reached its highest level since last August. “The pressure has come from the merchandise category, which showed its strongest growth in a year.”

He emphasized that the non-core index was significantly pressured. “The largest increase was seen in livestock products, while energy products accelerated to a lesser extent.”

The institution noted that inflation has trended upward this year and has already exceeded the Bank of Mexico’s (Banxico) tolerance range . “This, along with recent adjustments to the ex ante real rate, suggests that the monetary policy stance should be adjusted more cautiously going forward. This decreases the likelihood of another 50-basis-point cut in the target rate for the June meeting.”

In response, analysts have pointed out that Mexico’s economic outlook for this year faces significant challenges due to the uncertainty generated by the U.S. tariff war, which has spread throughout the world.

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El cargo Mexican wallets in trouble! Inflation rises in the first half of May apareció primero en T21.

In the first half of March 2025, the decline in the cost of some products such as eggs, chicken, as well as fruits and vegetables, slowed the  National Consumer Price Index (INPC) , which measures the variation in the prices of a basket of goods and services, to  3.67% annually , according to information from the  National Institute of Statistics and Geography (INEGI)  published this Monday.

In the reference period, the INPC reported a biweekly variation of  0.14% , while the underlying price index , which excludes goods and services with more volatile prices or that do not respond to market conditions, increased  0.24%  at a biweekly rate, with an increase in the price of merchandise with  0.25%  and of services with  0.22 percent .

On a biweekly basis, the  non-core price index  fell  0.19%, with agricultural product prices rising 0.09%  and energy prices and government-authorized tariffs falling  0.41% .

Among the products that registered increases in the period were green tomatoes with 10.45% , lemons with 9.02% , air transport with 6.09% , and beef with 1.53 percent .

On the contrary, onions showed a decrease in price of  6.04% , potatoes and other tubers with 2.67% , low octane gasoline with a fall of 1.32% , eggs with 0.84% , and chicken also lowered its cost by 0.37 percent .

Among the entities with the highest increases in the INPC are the State of Mexico with 0.56% , Jalisco with 0.43% and Oaxaca with 0.32 percent .

Meanwhile, Colima, Sonora and Guanajuato had variations below the national average, with decreases of  0.15% ,  0.07%  and  0.03% , respectively.

According to these figures, inflation slowed again in the first half of March, after reaching 3.77% annualized in February.

In this context, analysts have warned that  the economic outlook in Mexico for this year will be moderate  and with significant challenges due to political uncertainty, both in the country and in the United States, whose government, headed by President  Donald Trump , seeks to impose tariffs of 25% on Mexico, a measure that was paused until April 2 but only for products that are within the Treaty between Mexico, the United States and Canada (T-MEC) .

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El cargo Inflation slows in the first half of March; which products saw lower prices? apareció primero en T21.

In the first half of February 2025, the increase in the cost of some products such as eggs, beef and pork accelerated the National Consumer Price Index (INPC) , which measures the variation in the prices of a basket of goods and services, to place it at  3.74% annually , according to information from the  National Institute of Statistics and Geography (Inegi) published this Monday.

The agency detailed that in the reference period, the INPC reported a biweekly variation of  0.15%  in the first half of the second month of the year, while the  underlying price index , which excludes goods and services with more volatile prices or that do not respond to market conditions, increased  0.27%  at a biweekly rate, with an increase in the price of merchandise with  0.21%  and of services with  0.32 percent .

At a biweekly rate, the  non-core price index  registered a fall of  0.25 percent . Within this, the prices of agricultural products decreased by  0.81%  and those of energy and government-authorized tariffs increased by  0.18 percent .

Among the products that registered increases in the period are bananas with  5.74% , eggs with 5.28% , beef with an increase of 1.11% , and pork with an increase of  1.01 percent .

On the other hand, the price of tomatoes decreased by  18.53% , pumpkin fell by 10.27% , onions by 7.81% , and carrots decreased by 4.79 percent .

Among the entities with the greatest increases in the INPC are Michoacán and Durango, each with 0.42% , Guanajuato with 0.37% , Coahuila with 0.34% and Chihuahua with 0.33 percent .

Meanwhile, Guerrero, Oaxaca and Tabasco had variations below the national average, with decreases of 0.12% ,  0.11%  and  0.06% , respectively.

According to these figures, after six fortnights with downward reports, the INPC for the first half of February had its highest level since the second half of December 2024.

In this context, analysts have warned that the economic outlook in Mexico for this year will be moderate and with significant challenges arising from political uncertainty, both in the country and in the United States, whose government, headed by President  Donald Trump , seeks to impose tariffs of up to  25%  on Mexico, a measure that was paused for a month after it came into effect on February 4.

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El cargo Egg and meat prices “accelerate” inflation in the first half of February apareció primero en T21.