Inflation in Mexico rose above the target range again at the beginning of March 2026, reaching an annual rate of 4.63% in the first half of the month, according to figures reported by INEGI and the Bank of Mexico.
Recent trends show a volatile trajectory for headline inflation, which went from levels close to 3.49% in August 2025, one of the lowest points of the period, to a sustained increase toward the end of the year and the beginning of 2026. By the end of 2025, inflation had already reached 3.66% and has continued to rise since then.
Inflationary pressures come mainly from the non-core component, which includes the most volatile products in the CPI; in contrast, the core component (energy) has maintained a more moderate inflationary trend in recent months.
This behavior keeps inflation outside Banxico’s target range (3% +/- percentage point), which could influence the monetary policy stance in the coming months, particularly in decisions on interest rates.
Source: eleconomista
