Inflation in Mexico continues to decline. According to Inegi, it stood at 3.55% annually during the first half of June. This represents a drop of 0.11 percentage points compared to the second half of May.
With three consecutive months of deceleration, the indicator remains within Banxico’s target range (3% plus/minus one point). This level is key for purchasing power.
Pressures on core inflation
However, pressures remain. Core inflation—which reflects medium and long-term trends—was at 4.12%, with a biweekly increase of 0.19 points. Within this category, merchandise rose 3.65% annually and services, 4.57%.
Non-core inflation and seasonality
In contrast, non-core inflation slowed to 1.61% annually, driven by the drop in agricultural prices. Products such as tomatoes, eggs and poblano peppers recorded significant decreases.
The report also reflected seasonal movements in tourist services, related to the summer and the Soccer World Cup. Air transportation, hotels and tour packages increased. Despite this, analysts foresee a favorable trend towards the end of the year.




