Mexico's inflation falls to 3.37% in June 2026

The national annual inflation rate in Mexico dropped to 3.37% in June 2026, marking a continued downward trend and the lowest level since 2019. The Índice Nacional de Precios al Consumidor (INPC) recorded a monthly decline of 0.27%, after a 0.38% rise the previous month.

Regional variation was notable. Quintana Roo posted the highest state-level inflation, while Tlaxcala, Puebla, Nayarit and Guerrero recorded the largest price declines. At the city level, Esperanza in Sonora showed the biggest monthly increase (0.31%). Baja California experienced the lowest state inflation at 2.16%, with Tijuana and Mexicali reporting 1.94% and 2.47% respectively.

Food prices contributed to the overall drop. Tomatoes, chilies and other fresh produce saw significant price reductions, for example, chile poblano fell 40.43% and tomato 38.98%. However, some items such as avocado (+24.53% monthly) and certain fruits and vegetables continued to rise, with the fruit‑and‑vegetable basket inflating 5.56% year‑over‑year.

The slowdown follows earlier reports of a 4.98% annual inflation rate in May and a 3.37% figure announced by INEGI, indicating that price pressures are easing across most categories while isolated spikes remain.