Mexico Inflation Rate — 2026 CPI Data, Trend & Outlook
Mexico's inflation rate was 3.94% in May 2026, down from 4.45% the previous month. A year earlier it stood at 4.42%.
Mexico's inflation rate stands at 3.94% as of May 2026. The inflation rate currently sits at 3.94% (down from 4.45% in the prior month). Across the tracked window it has ranged between 2.13% and 8.70%, and is 0.48% lower than a year ago.
The trend
Among the 193 economies tracked on this platform, Mexico ranks #72 on inflation rate by latest value. It fell from 4.45% in the previous month, and compares with a year-earlier 4.42%.
What's driving it
Inflation is shaped by energy and food prices, the exchange rate, wage growth and the stance of monetary policy; central banks lift interest rates to cool it and ease when it falls back toward target.
Recent readings
| Period | Inflation rate |
|---|---|
| May 2026 | 3.94% |
| Apr 2026 | 4.45% |
| Mar 2026 | 4.59% |
| Feb 2026 | 4.02% |
| Jan 2026 | 3.79% |
| Dec 2025 | 3.69% |
| Nov 2025 | 3.80% |
| Oct 2025 | 3.57% |
Data: Source: OECD (terms permit extract/distribute, incl. commercial, with citation). Figures carry an effective date; confirm with the source before relying on them.
Frequently asked questions
What Is the Inflation Rate in Mexico Right Now (2026)?
Mexico's inflation rate was 3.94% in May 2026, down from 4.45% the previous month. A year earlier it stood at 4.42%.
Is the inflation rate rising or falling in Mexico?
It fell in the latest reading — 3.94% in May 2026 versus 4.45% a month earlier. Year on year it is lower.
What is inflation rate?
It measures how fast consumer prices are rising, measured by the consumer price index (CPI).