Inflation in Mexico resumed pressure during October 2026. The National Consumer Price Index (INPC) reported a monthly increase of 0.65%, bringing the annual rate to 3.75% , according to the National Institute of Statistics and Geography (Inegi) .

The result surpassed the monthly advance of 0.36% observed in October 2025, while annual inflation also placed above the 3.57% recorded in the same period last year.

The core inflation index , which excludes volatile goods and services or those whose prices are not determined by market conditions, rose 0.34% month-on-month . Within this index, goods prices increased by 0.22% and services prices by 0.44%.

On a monthly basis, the non-core price index  —which includes goods and services whose prices are subject to fluctuations— rose 1.75 percent . Within this index, fruit and vegetable prices increased 2.35 percent, and energy and regulated tariffs rose 2.13 percent.

This is largely due to the conclusion of the subsidy for the summer season electricity tariff program in 18 cities across the country where the INPC has coverage.

The increase in inflation last October is mainly explained by a spike in the price of products such as green tomatoes with a rise of 35.58%, air transport with 26.36%, zucchini with 23.22%, electricity with 18.51%, tomatoes with 9.68%, LP domestic gas with 3.67% and eggs with an increase of 2.16% at a monthly rate.

In contrast, the products with the greatest decrease in their cost during the cycle were lemon with a drop of 16.53%, serrano chili with 8.98%, orangewith 8.90%, potato and other tubers with 6.29% and bananas with a monthly price decrease of 4.83%.

Among the states with the largest monthly increases in the National Consumer Price Index (INPC) were Tabasco, Yucatán, and Quintana Roo . Meanwhile, Sinaloa, San Luis Potosí, and Nayarit were among the states with variations below the national average.

October’s result represented an increase from 3.45% last September, meaning that overall inflation has now risen for three consecutive months .

Despite this, inflation remained within the Bank of Mexico’s (Banxico) target range of 3% +/- 1% for the sixth consecutive month.

The benchmark interest rate is the base level that Banxico uses to set banks’ lending and savings rates. By lowering it, banks can reduce interest rates on loans (mortgages, personal loans, credit cards) and decrease the returns on some savings instruments. This makes borrowing money cheaper and investing in low-risk instruments less attractive, which can stimulate consumption and investment .

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El cargo NO RESPITE! INFLATION IN MEXICO RISES FOR THE THIRD CONSECUTIVE MONTH IN OCTOBER apareció primero en T21.

In the first half of October 2026, the annual general inflation rate in Mexico stood at 3.62% , after the National Consumer Price Index (INPC) increased 0.41% compared to the previous two weeks, the National Institute of Statistics and Geography (Inegi) announced .

The result represented an improvement compared to the 3.42% recorded in the first half of September, although it remained slightly below the 3.63% observed in the same period of 2025.

“The year-on-year variation accelerated for the third consecutive time, due to pressures in agricultural and energy products, accompanied by a rebound in the core index, after it slowed down between August and September,” explained the Financial Group Ve por Más (BX+) .

According to INEGI, the core inflation index —which excludes highly volatile goods and services— rose 0.25% on a biweekly basis . Within this index, merchandise prices increased 0.17% and services prices rose 0.31%.

“The increase in the underlying asset was the largest for a first half of October since 2022, highlighting the rise in air transport prices, partly reflecting a seasonal pattern and, in addition, possible pressures from fuel costs,” BX+ stated in an analysis.

Meanwhile, the non-core price index —which includes goods and services whose prices are subject to fluctuations— rose 0.98% biweekly . Prices for agricultural products fell 0.11%, while energy prices and government-regulated tariffs increased 1.85%.

This latest increase was driven by the end of the summer electricity subsidy in 18 cities across the country, a seasonal adjustment that put pressure on the overall indicator.

Electricity and air transport on the rise

Among the products with the greatest price increases in the first half of October were electricity with an increase of 18.51%, air transport with 14.77%, green tomatoes with 22.07%, zucchini with 16.27%, and LP domestic gas with a bi-weekly increase of 1.38%.

In contrast, the price of lemons fell by 10.43%, avocados by 4.79%, oranges by 4.58%, bananas by 4.15%, tomatoes by 3.04%, and potatoes and other tubers by 2.53% on a bi-weekly basis.

The behavior shows that the bi-weekly rebound was mainly concentrated in energy and some services, while the underlying component maintained moderate increases.

In that regard, the Ve por Más Financial Group considered that the inflationary outlook is still challenging and that the variable could accelerate “somewhat more towards the end of the year”.

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El cargo Electricity and air transport accelerate inflation in the first half of October apareció primero en T21.

The rise in the price of some agricultural products such as tomatoes and onions influenced the increase in the general annual inflation, which stood at 3.45% in September 2026 , which implied a monthly increase of 0.42% in the National Consumer Price Index (INPC), reported the National Institute of Statistics and Geography (Inegi) .

“The year-on-year change accelerated for the second consecutive reading, due to the reversal in the non-core index,”  Grupo Financiero Ve por Más (BX+) said  in an analysis.

According to Inegi, the  core price index —which does not take into account the most volatile goods and services— increased 0.20% on a monthly basis , with a rise in the prices of goods of 0.14% and an increase of 0.26% in those of services.

“The underlying rate moderated slightly, although its variations are still relatively high despite a context of fragile economic dynamism,” BX+ explained.

Meanwhile, the non-core price index —which includes goods and services whose prices are subject to fluctuations— rose 1.20 percent . Within this index, fruit and vegetable prices increased by 4.40 percent, and energy and regulated tariffs rose 0.41 percent month-on-month, reflecting upward pressure on various frequently consumed products and services in Mexico.

“Non-core inflation would extend its upswing, as the prices of various raw materials (not just energy) and logistics costs continue to show significant volatility in response to geopolitical conflicts; in addition, the prices of agricultural products would be affected by the ‘El Niño’ phenomenon,” explained Ve por Más.

The increase in inflation last September is mainly explained by a rebound in the price of agricultural products such as tomatoes with a rise of 30.25%, onions with 23%, air transport with 6.59%, other fruits with 6.13%, primary education with 6%, LP domestic gas with 3.14% and chicken with a monthly increase of 1.78%.

In contrast, the products with the greatest decrease in their cost during the cycle were professional services with a drop of 16.44%, potatoes and other tubers with 13.92%, avocados with 8.11%, oranges with 5.65% and tequila with a decrease in its cost of 2.62% at a monthly rate.

Among the states with the largest monthly increases in the National Consumer Price Index (INPC) were Tlaxcala, Colima, and Puebla . Meanwhile, Baja California Sur, Quintana Roo, and Coahuila were among the states with variations below the national average.

The overall result is still within the variability range of the Bank of Mexico’s (Banxico) inflation target for 2026, which is 3% +/- one percentage point .

According to Ve por Más’s analysis, the inflationary outlook is still challenging , so it predicted an acceleration “somewhat more between now and the end of 2026, although it would manage to stay below 4%.”

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El cargo Which products contributed to inflation in Mexico during September? apareció primero en T21.

Annual general inflation in Mexico stood at 3.42% during the first half of September 2026 , after the National Consumer Price Index (INPC) increased 0.33% compared to the previous two weeks, reported the National Institute of Statistics and Geography (Inegi) .

The result represented an acceleration compared to the first half of August, when the National Consumer Price Index (INPC) rose 0.10% and annual inflation stood at 3.26%. Consequently, the prices of some agricultural products increased at the beginning of September.

The greatest pressure came from the non-core component —which includes goods and services whose prices are subject to fluctuations—, which registered a rise of 0.88% in fortnightly terms, compared to the advance of 0.17% of the core index —which excludes goods and services with high volatility—.

Within the non-core component, fruit and vegetable prices increased 3.38% , while energy and government-regulated tariffs rose 0.24% on a bi-weekly basis.

Within the core index, merchandise prices increased 0.13% and service prices 0.21% on a bi-weekly basis.

Which products increased in price?

Tomatoes were the product that most impacted the overall result, with a 22.79% increase on a bi-weekly basis. This was followed by onions at 8.61%, LP gas at 1.97%, and chicken at 1.53%. In addition to housing and other services, education saw price increases associated with the start of the 2026-2027 school year: tuition fees rose 2.87% on a bi-weekly basis.

Conversely, the products with the greatest decrease in their cost during the cycle were potatoes and other tubers with a price drop of 6.69%, avocados with 4.02%, oranges with 3.95%, tequila with 2.91%, and automobiles with a decrease of 0.26% on a bi-weekly basis.

The behavior shows that the rebound in inflation at the beginning of September was mainly concentrated in products with greater volatility, particularly food, while underlying pressures advanced at a slower pace.

The overall result is still within the variability range of the Bank of Mexico’s (Banxico) inflation target for this year, which is 3% +/- one percentage point .

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El cargo Mexicans’ wallets “scream”; inflation accelerates in the first half of September apareció primero en T21.

In the first half of August 2026, the annual general inflation rate in Mexico stood at 3.26% , which was the highest level since the first half of June last year, when it stood at 3.55%, according to the National Institute of Statistics and Geography (Inegi) .

According to the agency, the National Consumer Price Index (INPC) registered a bi-weekly increase of 0.10% in the first half of August.

The  core inflation index  —which excludes volatile goods and services or those whose prices are not determined by market conditions—  rose 0.08% on a biweekly basis . Within this index, goods prices increased 0.07% and services prices 0.09%.

Meanwhile, the  non-core price index  —which includes goods and services whose prices are subject to fluctuations— rose 0.18% biweekly . Within this index, agricultural product prices increased 0.39%, while energy and regulated tariff prices rose 0.02% during the period.

In the first half of August of this year, the products whose upward price variations impacted overall inflation were onions with an increase of 19.03%, serrano peppers with 8.92%, eggs with 7.92%, other fruits with 3.53%, tequila with 2.80%, and educational services with 0.79% on a bi-weekly basis.

In contrast, the products with the greatest decrease in their cost during the cycle were potatoes and other tubers with a price drop of 5.97%, zucchini with 5.82%, air transport with 5.02% (derived from the end of the holiday period), tomatoes with 4.86%, avocados with 3.66% and LP domestic gas with a decrease of 2.05% on a bi-weekly basis.

The states with variations above the national average were  Tabasco, Yucatán, and Quintana Roo . Meanwhile, the states that reported the smallest increases in the first half of August were Baja California Sur, San Luis Potosí, and Tamaulipas .

According to an analysis by Grupo Financiero Ve por Más (BX+) , the year-on-year variation accelerated for the second consecutive reading and was the highest in four observations.

“This was mainly due to less weakness in agricultural products. The underlying inflation rate adjusted marginally, still fluctuating trivially below 4% despite an environment of currency appreciation and economic weakness,” he indicated.

According to the INPC result, inflation in the first half of August reflects persistent pressures in services and food; however, it remains within the price stability range of the Bank of Mexico , which is 3% +/- one percentage point.

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El cargo Inflation rises in the first half of August apareció primero en T21.

Annual general inflation in Mexico stood at 3.12% in July 2026 , resulting from the fall in the prices of some agricultural products, according to the National Consumer Price Index (INPC), published by the  National Institute of Statistics and Geography (Inegi) .

“The variable slowed for the fourth consecutive reading and reached its lowest point since 2020,” stated Grupo Financiero Ve por Más (BX+) . Furthermore, the July figure is the lowest for a similar period since 2016.

According to Inegi, the  core price index , which excludes goods and services with high volatility, grew 0.23% on a monthly basis, with an increase in the prices of goods of 0.19% and an increase in the costs of services of 0.26 percent.

“The core inflation rate has moderated since February, but remains close to 4 percent. Goods inflation has eased as the effect of January’s fiscal adjustments has diminished, in addition to reflecting the pass-through of currency appreciation and lower food input prices. Services inflation still shows rates somewhat higher than the year-end figures for 2025 and well above the historical average,” explained (BX+) in its analysis.

For its part, INEGI reported that the  non-core price index (goods and services whose prices are subject to fluctuations) fell 0.67% month-on-month. Within this index, fruit and vegetable prices dropped 3.11%, while energy and regulated tariff prices decreased by 0.01%.

The products and services that registered a decrease in their prices were tomatoes with 29.20%, followed by poblano peppers with 15.63%, serrano peppers with 6.98%, eggs with 1.08%, LP gas with 1% and automobiles with a drop of 0.54% on a monthly basis.

In contrast, the cost of onions increased by 18.97%, as did oranges (up 11.90%), computers (up 6.10%), and air travel (up 4.11%). Restaurants and housing also saw price increases.

According to Grupo Financiero Ve por Más, “even considering the recent favorable readings, we judge that the inflationary outlook is still challenging,” and therefore it expects that inflation will begin to rebound next month .

With the July result, inflation is within the target of the Bank of Mexico (Banxico) , which is 3% with a range of one percentage point above or below.

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El cargo Inflation in Mexico slows in July; marks four consecutive months of decline apareció primero en T21.

In June 2026, Mexico’s annual general inflation rate stood at 3.37% , continuing the slowdown recorded since last April, the  National Institute of Statistics and Geography (Inegi) reported on Thursday .

This result, which marks the second consecutive month below 4% in the National Consumer Price Index (INPC), stemmed from the drop in prices of some agricultural products.

According to INEGI, the  core inflation index , which excludes highly volatile goods and services, increased 0.24% month-on-month . Within this index, goods prices rose 0.18% and services prices increased 0.30%.

The  non-core price index (goods and services whose prices are subject to fluctuations) fell 2.04% month-on-month. Within this index, fruit and vegetable prices dropped 8.99%, while energy and government-regulated prices rose 0.08%.

However, although inflation slowed last June, the price of some basic food items increased, affecting Mexicans’ wallets when preparing meals.

During the period,  avocados increased by 24.53%, oranges by 9.55%, potatoes and other tubers  showed an increase of 9.32%, onions by 6.87%, and other cooked foods increased by 1.31% on a monthly basis.

Conversely, the products with the greatest price decreases during the cycle were poblano peppers with 40.43%, tomatoes with 38.98%, serrano peppers with 26.88%, grapes with 18.96%, lemons with a drop of 8.94%, eggs with 7.21%, and automobiles with a monthly decrease in cost of 0.59%.

Grupo Financiero Ve por Más (BX+) reported that year-on-year inflation slowed for the third consecutive month . This largely reflected the decline in agricultural products. The core inflation index showed some moderation but remains at high levels, marking 14 consecutive days above 4 percent.

According to their analysis, the underlying variation was slightly lower than its historical average due to the modest dynamism in non-food goods, where the decline in automobiles stood out.

“The inflation outlook is complex, although it appears to be showing a marginally less pronounced bias. This is because energy commodity prices have partially eased in the last month. On the other hand, risks associated with a context of wage pressures and low productivity persist, while less slack in the economy is expected during the coming quarters,” the financial institution warned.

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El cargo Inflation in Mexico decreases again in June apareció primero en T21.

The drop in the price of some agricultural products, such as tomatoes, influenced the slowdown in inflation in the first half of June, which stood at 3.55% at an annual rate , which implied a decrease of 0.11% compared to the previous two weeks, according to the National Consumer Price Index (INPC).

This decline represented the lowest level of the CPI since the second half of October 2025, according to data released this Wednesday by the  National Institute of Statistics and Geography (Inegi) .

“The year-on-year headline inflation moderated for the fifth consecutive fortnight, largely reflecting the reversal shown by the non-core index between March and April,” detailed Grupo Financiero Ve por Más (BX+)  in an analysis.

According to INEGI, the  core inflation index  —which excludes goods and services with the most volatile prices— rose 0.19% on a biweekly basis . Within this index, goods prices increased 0.11% and services prices 0.27%.

“The core inflation rate moderated slightly, but remains at high levels, with 26 observations above 4 percent. The goods sector continues to decelerate, reaching its lowest point since May of last year. Conversely, inflation in services maintains higher growth rates compared to the end of last year and its historical average, despite a context of weak economic activity,” explained BX+.

Meanwhile, on a bi-weekly basis, the non-core price index —which includes goods and services whose prices are subject to fluctuations—  fell 1.14 percent . Within this index, fruit and vegetable prices dropped 5.24 percent, while energy and regulated tariff prices rose 0.10 percent.

In the first half of June, the products with the largest increases in their cost were avocados with 18.51%, air transport with 13.75%, potatoes and other tubers with 5.76%, package tourist services with an increase of 4.07% and other vegetables and legumes with 2.86% at a bi-weekly rate.

Meanwhile, the products with the greatest price decrease during the cycle were poblano peppers with 28.33%, tomatoes with 23.98%, serrano peppers with a decrease of 15.21%, grapes with 14.59%, eggs with 4.51%, and other fruits with a decrease in their cost of 1.80% every two weeks.

According to Ve por Más’s analysis, the bi-weekly variation in the National Consumer Price Index (INPC) “was the lowest for the first half of June in 21 years. This was due to a sharp drop—even greater than expected—in agricultural products, mainly fruits and vegetables. On the other hand, the report highlighted the increase in prices for air travel, hotels, and tour packages. This latter increase tends to be observed at the beginning of summer; however, this time it was more pronounced than usual, perhaps reflecting the effects of the World Cup.”

The financial institution believes that after moderating in May and June, “ we expect inflation to rebound in July . Furthermore, we still believe that upside risks predominate, although a final resolution of the conflict in the Middle East would marginally help to balance things out.”

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El cargo This is how inflation in Mexico stood during the first half of June apareció primero en T21.

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.

After a tense start to the year, inflation in Mexico moderated slightly in the first half of April 2026, reaching 4.53% year-on-year , which implied an increase of 0.11% compared to the previous two weeks, according to the National Consumer Price Index (INPC) of the National Institute of Statistics and Geography (Inegi) .

The core component —which excludes goods and services with volatile prices— increased 0.18% on a biweekly basis, with a 0.25% increase in goods prices and a 0.12% increase in services prices.

The  non-core price index —which includes goods and services whose prices are subject to fluctuations—fell 0.13% on a bi-weekly basis. Within this index, fruit and vegetable prices rose 4.29%, while energy and regulated tariff prices fell 1.34% on a bi-weekly basis, due to the implementation of the summer electricity tariff scheme in 18 cities across the country.

Tomato press basic basket

The generic products that registered the largest price increases with impact on general inflation in the period were tomatoes with an increase of 24.37%, poblano peppers with 22.63%, serrano peppers with 21.94%, onions with 7.43%, and potatoes and other tubers with 6.92% at a bi-weekly rate.

Conversely, green tomatoes were the product that decreased the most with a drop of 26.86%, followed by zucchini with a drop of 14.92%, electricity with 14%, air transport with 11.65% and eggs with a decrease of 2.59% fortnightly.

In the analysis by state, Durango led the bi-weekly variations, exceeding the national average. Jalisco and Chihuahua followed. Meanwhile, the states that reported the smallest increases in the first half of April were Tabasco, Quintana Roo, and Yucatán.

Although the INPC (National Consumer Price Index) showed a slight decrease in the first half of April, inflation continues to put pressure on Mexicans’ wallets, as basic food items such as tomatoes and chili peppers have shown a greater increase in the reference cycle.

This dynamic is also reflected in the Minimum Consumption Basket Price Index, which  registered an annual increase of 4.73%, higher than the 3.75% of the same period in 2025.

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El cargo Inflation eases slightly in the first half of April apareció primero en T21.