Inflation Mexico 2022
Average inflation: 7.9%
Current Inflation
Inflation is very high at 7.9%, far above the ECB target.
Peak and Trough
The highest inflation was in August at 8.7%. The lowest inflation was in January at 7.1%.
- Highest month
- August: 8.7%
- Lowest month
- January: 7.1%
- Difference
- 1.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 13.2%. The lowest price increase was in Communication with an average of -3.2%.
- Highest increase
- Food and non-alcoholic beverages: 13.2%
- Lowest increase
- Communication: -3.2%
Historical Context
Current inflation is 2.8% higher than the 5-year average of 5.1%. This approaches the highest level since records began (7.9% in 2022).
- 5-year average
- 5.1%
- 10-year average
- 4.5%
- All-time high (2022)
- 7.9%
- All-time low (2015)
- 2.7%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +2.2 percentage point.
- Change vs. previous year
- +2.2 percentage points
- Largest monthly swing
- January: +3.6 percentage points
ECB Target
Inflation is 5.9% 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 €100 this year will cost approximately €107.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 7.1% | +3.6 |
| February | 7.3% | +3.5 |
| March | 7.5% | +2.8 |
| April | 7.7% | +1.6 |
| May | 7.7% | +1.8 |
| June | 8.0% | +2.1 |
| July | 8.2% | +2.4 |
| August | 8.7% | +3.1 |
| September | 8.7% | +2.7 |
| October | 8.4% | +2.2 |
| November | 7.8% | +0.4 |
| December | 7.8% | +0.4 |
| Average | 7.9% |
Data source
Data from OECD. Last updated: 13/01/2026.