Inflation Mexico 2004
Average inflation: 4.7%
Current Inflation
Inflation is high at 4.7%, well above the ECB target.
Peak and Trough
The highest inflation was in October at 5.4%. The lowest inflation was in January at 4.2%.
- Highest month
- October: 5.4%
- Lowest month
- January: 4.2%
- Difference
- 1.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Education with an average of 8.0%. The lowest price increase was in Communication with an average of -0.1%.
- Highest increase
- Education: 8.0%
- Lowest increase
- Communication: -0.1%
Historical Context
Current inflation is 1.3% lower than the 5-year average of 6.0%. This approaches the lowest level since records began (4.5% in 2003).
- 5-year average
- 6%
- 10-year average
- 15.4%
- All-time high (1987)
- 128.9%
- All-time low (2003)
- 4.5%
Trend
Inflation has remained relatively stable. Compared to 2003, the difference is minimal (+0.2 percentage point).
- Change vs. previous year
- +0.2 percentage points
- Largest monthly swing
- October: +1.4 percentage points
ECB Target
Inflation is 2.7% 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 €104.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2004
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2003 |
|---|---|---|
| January | 4.2% | -1.0 |
| February | 4.5% | -1.0 |
| March | 4.2% | -1.4 |
| April | 4.2% | -1.0 |
| May | 4.3% | -0.4 |
| June | 4.4% | +0.1 |
| July | 4.5% | +0.4 |
| August | 4.8% | +0.8 |
| September | 5.1% | +1.1 |
| October | 5.4% | +1.4 |
| November | 5.4% | +1.4 |
| December | 5.2% | +1.2 |
| Average | 4.7% |
Data source
Data from OECD. Last updated: 13/01/2026.