Inflation Mexico 2003
Average inflation: 4.5%
Current Inflation
Inflation is high at 4.5%, well above the ECB target.
Peak and Trough
The highest inflation was in March at 5.6%. The lowest inflation was in August at 4.0%.
- Highest month
- March: 5.6%
- Lowest month
- August: 4.0%
- Difference
- 1.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Education with an average of 9.3%. The lowest price increase was in Alcoholic beverages, tobacco and narcotics with an average of -0.1%.
- Highest increase
- Education: 9.3%
- Lowest increase
- Alcoholic beverages, tobacco and narcotics: -0.1%
Historical Context
Current inflation is 3.9% lower than the 5-year average of 8.4%. This approaches the lowest level since records began (4.5% in 2003).
- 5-year average
- 8.4%
- 10-year average
- 15.6%
- All-time high (1987)
- 128.9%
- All-time low (2003)
- 4.5%
Trend
Inflation shows a downward trend. Compared to 2002, inflation has fallen by +0.5 percentage point.
- Change vs. previous year
- -0.5 percentage points
- Largest monthly swing
- December: -1.7 percentage points
ECB Target
Inflation is 2.5% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2003
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2002 |
|---|---|---|
| January | 5.2% | +0.4 |
| February | 5.5% | +0.7 |
| March | 5.6% | +0.9 |
| April | 5.2% | +0.5 |
| May | 4.7% | 0.0 |
| June | 4.3% | -0.6 |
| July | 4.1% | -1.4 |
| August | 4.0% | -1.3 |
| September | 4.0% | -0.9 |
| October | 4.0% | -0.9 |
| November | 4.0% | -1.4 |
| December | 4.0% | -1.7 |
| Average | 4.5% |
Data source
Data from OECD. Last updated: 13/01/2026.