Inflation Mexico 1998
Average inflation: 15.9%
Inflation in 1998
Inflation is very high at 15.9%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 18.6%. The lowest inflation was in May at 15.0%.
- Highest month
- December: 18.6%
- Lowest month
- May: 15.0%
- Difference
- 3.6 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 6.9 percentage points lower than the 5-year average of 22.8%.
- 5-year average
- 22.8%
- 10-year average
- 20.9%
- All-time high (1987)
- 128.9%
- All-time low (1994)
- 7%
Trend
Over the period 1996-1998, inflation shows a downward trend. Compared to 1997, inflation has fallen by 4.9 percentage points.
- Change vs. previous year
- -4.9 percentage points
- Largest monthly swing
- January: -11.1 percentage points
ECB Target
Inflation is 13.9 percentage points above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for MX$100 this year will cost approximately MX$115.90 next year at this inflation rate.
Multi-year trend
Monthly figures 1998
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1997 |
|---|---|---|
| January | 15.3% | -11.1 |
| February | 15.4% | -10.2 |
| March | 15.3% | -9.2 |
| April | 15.1% | -7.2 |
| May | 15.0% | -6.2 |
| June | 15.3% | -5.0 |
| July | 15.4% | -4.3 |
| August | 15.5% | -3.7 |
| September | 15.9% | -2.9 |
| October | 16.7% | -1.5 |
| November | 17.4% | -0.4 |
| December | 18.6% | +2.9 |
| Average | 15.9% |
Data source
Data from OECD. Last updated: 17/12/2025.