MEXICO CITY — Mexico’s annual inflation rate slowed to 3.55% during the first half of June, down from 3.94% recorded in May, extending a downward trend after three consecutive months of increases, according to data released Wednesday by the National Institute of Statistics and Geography (INEGI). The consumer price index (CPI) declined 0.11% compared with […]
MEXICO CITY — Mexico’s annual inflation rate slowed to 3.55% during the first half of June, down from 3.94% recorded in May, extending a downward trend after three consecutive months of increases, according to data released Wednesday by the National Institute of Statistics and Geography (INEGI).
The consumer price index (CPI) declined 0.11% compared with the previous two-week period. A year earlier, inflation stood at 4.51% during the same period.
Core inflation, which excludes volatile items and is considered a key measure of underlying price pressures, increased 0.19% during the first half of June and rose 4.12% on an annual basis.
Meanwhile, non-core prices fell 1.14% compared with the previous fortnight, although they remained 1.61% higher than a year ago.
Within the core category, merchandise prices rose 0.11% during the period and 3.65% year over year. Services increased 0.27% over the two-week period and 4.57% annually.
Among non-core components, agricultural prices fell 0.66% from the prior period and were down 2.65% compared with the same period last year. Energy products and government-regulated tariffs increased 0.10% over the fortnight and 3.49% annually.
The minimum-consumption basket index, which tracks 170 essential products and services, declined 0.37% during the first half of June and rose 3.30% from a year earlier.
The categories posting the largest annual increases included alcoholic beverages and tobacco products (7.95%), insurance and financial services (6.76%), restaurants and hotels (6.73%), education services (5.92%) and healthcare (4.87%).
Among individual products, avocados recorded the sharpest increase during the period, rising 18.51%, followed by air transportation (13.75%), hotel services (8.73%), potatoes and other tubers (5.76%), and package tourism services (4.07%).
The inflation figures come two months after the Mexican government unveiled a strategy aimed at containing price pressures through fuel subsidies, agreements with producers and retailers, and measures designed to improve food distribution logistics.
Mexico closed 2025 with annual inflation of 3.69%, its lowest year-end level in five years, compared with 4.21% in 2024, 4.66% in 2023 and 7.82% in 2022.
