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Mexico inflation trends in August 2026

Updated 2 times since CLSTR started tracking revisions of this situation.

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2026-09-09 20:35 UTC → 2026-09-12 01:09 UTC · added removed

Mexico experienced an upward trend in inflation during August 2026, breaking a four-month period of deceleration. National annual inflation rose to 3.26%, which represents a decrease from the 3.57% recorded in August 2025. Data from the National Institute of Statistics and Geography (INEGI) indicates that the year-to-date accumulated inflation for 2026 stands at 3.3%. The monthly Consumer Price Index (CPI) increased by 0.20% compared to July. This uptick was primarily driven largely by increases in food prices, with significant increases recorded for onions (32.70%), serrano chili (19.61%), lemon (11.17%), and services. eggs (8.91%). In Saltillo, Coahuila, local inflation during reached 0.34% in the first half of August reached 0.34 percent, which was 3.4 times higher than the national average of 0.10 percent. Local price pressures were attributed to the start of the August, driven by school year, affecting tuition and educational services, alongside rising urban transport costs. Specific food items such as onions, serrano chili, year costs and eggs also transport. Sectoral analysis shows education saw significant price hikes. By the end of August, a 6.0% increase, while food, beverages, and tobacco rose by 4.7%. Conversely, the national Consumer Price Index showed energy and agricultural sectors experienced a monthly increase of 0.20 percent compared to July. While food costs for items like onions (32.70%) 1.5% decrease, and serrano chili (19.61%) continued to surge, potatoes saw a price drop of 10.7%. Despite the rise in general inflation, core inflation rate—excluding inflation—excluding volatile energy and fresh food items—showed a slight deceleration, continued decline, falling to 3.88% from 3.95% in July. The overall rate This remains within the Bank of Mexico’s target range established by the Bank of Mexico. Data 3% plus or minus one percentage point. Economic projections from the National Institute IMEF Monthly Survey of Statistics and Geography (INEGI) indicates that while food items like lemon (11.17%) and eggs (8.91%) saw increases, prices Economic Expectations slightly increased the 2026 real GDP growth estimate to 1.3% from 1.2%. The inflation estimate for chicken, avocado, and potatoes decreased. 2026 remains at 4.0%, with the monetary policy rate expected to end the year at 6.50%. The Bank of Mexico (Banxico) maintains IMEF also projects a cautious stance on interest rates, which are currently held at 6.5%. 2026 exchange rate of approximately 17.60 pesos.

Versions

  1. 2026-09-12 01:09 UTC Mexico inflation trends in August 2026
  2. 2026-09-09 20:35 UTC Mexico inflation trends in August 2026
  3. 2026-09-09 16:13 UTC Mexico inflation trends in August 2026

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