Inflation Mexico 2024
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 July at 5.6%. The lowest inflation was in December at 4.2%.
- Highest month
- July: 5.6%
- Lowest month
- December: 4.2%
- Difference
- 1.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Restaurants and hotels with an average of 6.7%. The lowest price increase was in Communication with an average of -1.8%.
- Highest increase
- Restaurants and hotels: 6.7%
- Lowest increase
- Communication: -1.8%
Historical Context
Current inflation is 0.8% lower than the 5-year average of 5.5%.
- 5-year average
- 5.5%
- 10-year average
- 4.7%
- All-time high (2022)
- 7.9%
- All-time low (2015)
- 2.7%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +0.9 percentage point.
- Change vs. previous year
- -0.9 percentage points
- Largest monthly swing
- February: -3.2 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 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 4.9% | -3.0 |
| February | 4.4% | -3.2 |
| March | 4.4% | -2.4 |
| April | 4.7% | -1.6 |
| May | 4.7% | -1.1 |
| June | 5.0% | -0.1 |
| July | 5.6% | +0.8 |
| August | 5.0% | +0.4 |
| September | 4.6% | +0.1 |
| October | 4.8% | +0.5 |
| November | 4.5% | +0.2 |
| December | 4.2% | -0.5 |
| Average | 4.7% |
Data source
Data from OECD. Last updated: 12/02/2026.