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.

Inflation in Mexico accelerated again in March 2026, driven by the rise in agricultural products and services such as air transport , after the increase shown last February, when it stood at 4.02% at an annual rate, the National Institute of Statistics and Geography (Inegi) announced .

According to the agency, in the third month of the year, the National Consumer Price Index (INPC), which measures the variation in prices of a basket of goods and services, registered an increase of 0.86% compared to the previous month. With this result, the overall annual inflation rate was 4.59% .

“The increase in some agricultural products and the effects of the conflict in the Middle East on energy led to inflation reaching its highest level since October 2024,” the  Financial Group Ve por Más (BX+) indicated  in an analysis.

According to Inegi, the  core price index  – which does not take into account the most volatile goods and services – increased 0.38% monthly , with a rise in the prices of goods of 0.29% and an increase of 0.48% in the prices of services.

“The underlying inflation rate declined slightly, but has remained above 4% for 11 consecutive months despite the fragility of economic activity. Goods prices fell, likely as the effect of January’s fiscal adjustments diminishes and given the currency appreciation of previous months. Conversely, services prices rebounded and are showing variations greater than their historical average despite a fragile economic context,” BX+ explained.

The  non-core price index  —which includes goods and services whose prices are subject to fluctuations— rose 2.46% month-on-month . Within this index, fruit and vegetable prices increased 10.75%, and energy and regulated tariffs rose 0.85% month-on-month, reflecting price pressures on various frequently consumed products and services in Mexico.

The increase in inflation in March is mainly explained by a rebound in the price of agricultural products such as cucumber with a rise of 42.71%, tomato  with 42.01%, air  transport with an increase of 26.28%,  lemon with 18.26%,  green tomato  with 16.46%, potato and other tubers with 14.92% and chicken with 2.82% monthly.

Conversely, the products with the greatest decrease in their cost during the cycle were nopales with a drop of 8.86%, papaya with 4.40%, internet, telephone and pay television packages with 3.59%, eggs with 2.69%, beans with 1.34% and pork with a decrease in its price of 1.28% on a monthly basis.

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

According to Ve por Más’s analysis, the annual variation of the INPC “accelerated for the third consecutive month, adding two readings above 4% (upper limit of the Bank of Mexico ‘s tolerance range ) and reached highs since October 2024″ .

“The pressure came from the non-core index, given the marked reversal in agricultural products and –as a result of the conflict in Iran– the greater dynamism in energy,” he explained.

The financial institution considered that “the inflationary outlook has deteriorated ,” and therefore raised its year-end inflation forecast from 3.9% to 4.1%.

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El cargo Inflation spirals out of control in March; rising prices of agricultural products take their toll apareció primero en T21.

Mexico is particularly exposed to trade restrictions, since more than 80% of its exports go to the United States and the integration of the supply chain with this country is deep, considered the Organization for Economic Cooperation and Development (OECD) , which estimated a growth of the Mexican economy of 1.4% for this year and 1.7% for 2027.

According to the Economic Study for Mexico 2026 , the organization indicated that the increase in tariffs in the United States has affected exports, especially those in the automotive sector, although it noted that the preferential treatment that Mexico has in the US market under the United States-Mexico-Canada Agreement (USMCA) has helped to maintain the country’s trade competitiveness.

“Mexico’s economy has shown resilience despite high uncertainty and trade barriers,” the OECD highlighted.

In December 2025, Mexico consolidated its position as the main trading partner of its northern neighbor, registering an  exchange of goods worth 70 billion 521 million dollars , according to data from the  United States Census Bureau .

Regarding private consumption , the OECD projected that by 2026 and 2027, this indicator will be supported by the low level of unemployment and the slowdown in inflation.

According to the National Institute of Statistics and Geography (Inegi) , private consumption in Mexico decreased 0.5% on a monthly basis in November 2025, although in its annual comparison it registered an increase of 2.8 percent.

The OECD also estimated that inflation will decrease to 3.6% in 2026 and 3.2% in 2027, which is close to the midpoint of the Bank of Mexico’s (Banxico) target range of 3 percent.

It is worth remembering that the National Consumer Price Index (INPC) has shown an upward trend so far in 2016. In the first half of February alone, the overall annual inflation rate in Mexico reached 3.92 percent .

The OECD study indicated that private investment will gradually benefit from lower interest rates, “although it will remain limited by high domestic and global political uncertainty.”

Regarding public investment , he predicted that it would remain moderate as part of efforts to reduce the fiscal deficit.

“To safeguard fiscal sustainability and achieve stronger growth, improving the efficiency of public spending will be essential. A more strategic approach to planning and prioritizing spending is necessary,” he stated.

The OECD estimates come in a context of trade uncertainty, framed by a changing tariff policy that Mexico has managed to overcome, consolidating itself as a strategic trading partner in the North American region, due, among other factors, to its skilled workforce and logistics networks.

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El cargo Mexico is highly exposed to trade restrictions, warns OECD 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.

Inflation in Mexico reached 3.72% in the first half of December 2025 , due to the increase in the cost of some products such as air transport and package tourist services, according to data from the National Institute of Statistics and Geography (Inegi) .

According to the agency, during that period the National Consumer Price Index (INPC) , which is a measure of average change in the prices of products that make up a basket of goods and services representative of household consumption in the country, registered an increase of 0.17% compared to the previous two weeks.

The  core price index  – which does not take into account the most volatile goods and services, such as food and energy –  increased  0.31% fortnightly , with a rise in service prices of 0.47% and goods of 0.13%.

Meanwhile, the  non-core price index  —which includes goods and services whose prices are subject to fluctuations, such as weather conditions—fell  0.30% on a bi-weekly basis . Within this index, fruit and vegetable prices fell 1.54%, while energy and regulated tariff prices rose 0.21%.

In the first half of December 2025, the products with the largest price increases were air transport with 38.25%, green tomatoes with 10.69%, package tourist services with 9.02%, sugar with 3.36% and electricity with 0.56 percent.

The products with the greatest decrease in their cost during the cycle were zucchini with 10.62%, serrano pepper with 7.80%, tomato with 4.84%, egg with 2.50% and chicken with 0.95 percent.

Meanwhile, the entities that registered the largest increases in the INPC during the period were Yucatán, Baja California Sur and Durango; on the contrary, those that presented a variation below the national average were Querétaro, Puebla and Guerrero.

The INPC figure for the first half of December is within the target of the  Bank of Mexico (Banxico) , which is 3% with a variability interval of +/- 1 percent.

Although analysts predict that year-on-year growth in the CPI will end the year below 4%, in a context of slow economic dynamism, the inflationary outlook is still complex.

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El cargo Which products contributed to inflation during the first half of December in Mexico? apareció primero en T21.

Inflation in Mexico accelerated again last November, driven by the rise in agricultural products and services such as electricity, after the decrease shown in October, when it stood at 3.57% year-on-year, according to data published this Tuesday by the National Institute of Statistics and Geography (Inegi) .

According to the  National Consumer Price Index (INPC) , which measures the variation in prices of a basket of goods and services, in the eleventh month of the year this indicator stood at  3.80% in its annual measurement .

According to the  Financial Group Ve por Más (BX+) , year-on-year inflation reached a five-year high, and also represented its largest variation for the same month since 2021.

Meanwhile, the  core price index  – which does not take into account the most volatile goods and services –  increased  0.19% monthly and 4.43% annually , with a decrease in the prices of goods of 0.03% and an increase in the prices of services of 0.39% on a monthly basis.

The underlying asset advanced for the third consecutive reading, posting its biggest expansion since March 2024 and marking seven months above 4%, explained BX+.

The  non-core price index  —which includes goods and services whose prices are subject to fluctuations, such as weather conditions—  rose 2.28% month-on-month and 1.73% year-on-year . Within this index, fruit and vegetable prices increased 3.49%, and energy and regulated tariff prices rose 2.97% month-on-month.

In the penultimate month of the year, the products that showed the greatest price increases were serrano peppers with a 24.76% rise, electricity with 20.70%, zucchini with 17.05%, tomatoes with 14.34%, and public transportation with 4.90%.

Conversely, the products with the greatest decrease in their cost during the cycle were  lemon with 7.46%, avocado  with 7.28%,  orange with 3.97%, potato and other tubers  with 3.68% and tequila with a decrease of 2.65 percent.

Among the  states with the largest increases in the National Consumer Price Index (INPC) are Sonora, Sinaloa, and Baja California Sur. Meanwhile, Durango, Quintana Roo, and Yucatán were among the states with variations below the national average.

According to BX+ analysis, although year-on-year growth in the CPI is expected to close the year below 4%, in a context of slow economic dynamism, the inflationary outlook is still complex.

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El cargo Unstoppable! Inflation accelerates in Mexico during November apareció primero en T21.

After two fortnights with declining readings, inflation in Mexico stood at 3.61% in the first half of November 2025 , mainly due to the increase in the cost of some products such as tomatoes and electricity, according to data from the National Institute of Statistics and Geography (Inegi) , published this Monday.

During the reference period, the  National Consumer Price Index (INPC) , which is a measure of average change in the prices of products that make up a basket of goods and services representative of household consumption in the country, registered an increase of 0.47% compared to the previous two weeks.

According to Grupo Financiero Ve por Más (BX+) , the bi-weekly increase was primarily due to rising energy prices. “In particular, the increase in electricity rates due to the end of the summer rate program in 11 cities across the country stood out, as well as the increase in public transportation fares in Mexico City.”

According to Inegi, the  core price index  – which does not take into account the most volatile goods and services –  increased  0.04% biweekly , with a rise in the prices of services of 0.25%, while those of goods decreased 0.19 percent.

The  non-core price index  —which includes goods and services whose prices are subject to fluctuations, such as weather conditions—  rose 1.93% on a bi-weekly basis . Within this index, fruit and vegetable prices increased 1.34%, while energy and regulated tariffs rose 2.92%.

The behavior of the INPC in the first half of November 2025 caused an increase in the price of products such as electricity  with 20.70%,  air transport  with 4.60%,  public transport  with 4.32% and tomatoes with 3.98 percent.

Conversely, the products with the greatest decrease in their cost during the cycle were  avocados with 4.83%, potatoes and other tubers with 2.61%, televisions with a drop of 2.37% and outerwear with a decrease of 1.63 percent.

By state, Sinaloa, Sonora, Baja California Sur, Baja California and Tamaulipas registered the largest increases in the CPI during that period, while Quintana Roo, Aguascalientes, Durango, Chiapas and Nuevo León had variations below the national average.

As the year draws to a close, the Mexican economy is projected to experience a slight slowdown due to global trade shifts. Furthermore, the Consumer Price Index (CPI) figure for the first half of November is above the Bank of Mexico’s (Banxico) target of 3%, with a tolerance range of +/- 1%.

According to BX+, the year-on-year change was pressured by the partial reversal in the non-core index (energy and fresh food), while the core index remained around its highest levels since April 2024, marking six months above 4 percent.

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El cargo Inflation “punishes” Mexicans’ wallets in the first half of November apareció primero en T21.