Inflation Mexico 2026
Average inflation: 3.8%
Inflation in 2026
Inflation is high at 3.8%, well above the ECB target.
Peak and Trough
The highest inflation was in March at 4.6%. The lowest inflation was in July at 3.1%.
- Highest month
- March: 4.6%
- Lowest month
- July: 3.1%
- Difference
- 1.5 percentage points
- Months with data
- 9 of 12
Category Insights
The highest price increase was in Alcoholic beverages, tobacco and narcotics with an average of 7.7%. The lowest price increase was in Clothing and footwear with an average of 2.4%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 7.7%
- Lowest increase
- Clothing and footwear: 2.4%
Historical Context
Inflation is 1.4 percentage points lower than the 5-year average of 5.2%.
- 5-year average
- 5.2%
- 10-year average
- 5%
- All-time high (2022)
- 7.9%
- All-time low (2015)
- 2.7%
Trend
Over the period 2024-2026, inflation has remained relatively stable. Compared to 2025, inflation has remained unchanged.
- Change vs. previous year
- +0.0 percentage points
- Largest monthly swing
- June: -0.9 percentage points
ECB Target
Inflation is 1.8 percentage points 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 MX$100 this year will cost approximately MX$103.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2026
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2025 |
|---|---|---|
| January | 3.8% | +0.2 |
| February | 4.0% | +0.2 |
| March | 4.6% | +0.8 |
| April | 4.4% | +0.5 |
| May | 3.9% | -0.5 |
| June | 3.4% | -0.9 |
| July | 3.1% | -0.4 |
| August | 3.3% | -0.3 |
| September | 3.5% | -0.3 |
| Average | 3.8% |
Data source
Data from OECD. Last updated: 26/10/2026. Not all months available yet.