Mexico Food Inflation
Year-on-year change in consumer prices of food and non-alcoholic beverages.
Food Inflation in Mexico increased to 7.77 percent in Jul 2024 from 6.54 percent in Jun 2024.
Mexico Food Inflation — History
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Mexico Food Inflation — analysis in simple words
Latest reading
Food Inflation in Mexico increased to 7.77 percent in Jul 2024 from 6.54 percent in Jun 2024.
It has risen in each of the last three months.
Recent trend
A year earlier (Jul 2023) it was 7.3%, so the latest figure is 0.5 percentage points higher.
Over the past five years the average was 8.1%, with a range from 2.5% to 14.6%. The latest value is below that five-year average.
Historical context
This data series starts in Jan 1969 and has 667 monthly observations. The latest reading is higher than 46% of all of them.
The highest value on record is 175.2% (Jan 1988) and the lowest is -10.5% (Mar 1969). The long-run average is 21.1%.
Compared with other countries
Among 42 economies with recent data, Mexico ranks 3rd from the top. The median across all these economies is 3.3%, so Mexico is above the typical country.
Among 15 major economies tracked on this site it ranks 1st.
Within Latin America & Caribbean (4 economies with data) it ranks 2nd; the regional median is 7.3%.
Statistics
- Latest
- 7.8%Jul 2024
- Previous
- 6.5%
- 5-year average
- 8.1%
- Long-run average
- 21.1%since Jan 1969
- All-time high
- 175.2%Jan 1988
- All-time low
- -10.5%Mar 1969
- Observations
- 667Monthly
Recent Data
| Period | Value | Change |
|---|---|---|
| Jul 2024 | 7.8% | ▲ +1.2 pp |
| Jun 2024 | 6.5% | ▲ +0.5 pp |
| May 2024 | 6.0% | ▲ +0.2 pp |
| Apr 2024 | 5.8% | ▲ +0.8 pp |
| Mar 2024 | 5.0% | ▼ −0.1 pp |
| Feb 2024 | 5.1% | ▼ −2.2 pp |
| Jan 2024 | 7.3% | ▲ +1.2 pp |
| Dec 2023 | 6.1% | ▲ +0.8 pp |
| Nov 2023 | 5.3% | ▲ +0.4 pp |
| Oct 2023 | 4.9% | ▼ −1.0 pp |
| Sep 2023 | 5.9% | ▼ −0.9 pp |
| Aug 2023 | 6.8% | ▼ −0.5 pp |
| Jul 2023 | 7.3% | ▼ −0.4 pp |
| Jun 2023 | 7.7% | ▼ −1.4 pp |
| May 2023 | 9.1% | ▼ −0.9 pp |
| Apr 2023 | 10.0% | ▼ −1.0 pp |
| Mar 2023 | 11.0% | ▼ −1.2 pp |
| Feb 2023 | 12.3% | ▼ −0.5 pp |
| Jan 2023 | 12.8% | ▲ +0.1 pp |
| Dec 2022 | 12.7% | ▲ +0.3 pp |
| Nov 2022 | 12.4% | ▼ −2.1 pp |
| Oct 2022 | 14.5% | ▼ −0.0 pp |
| Sep 2022 | 14.6% | ▲ +0.3 pp |
| Aug 2022 | 14.2% | ▲ +0.1 pp |
| Jul 2022 | 14.1% | ▲ +0.5 pp |
| Jun 2022 | 13.6% | ▲ +1.1 pp |
| May 2022 | 12.5% | ▼ −0.3 pp |
| Apr 2022 | 12.8% | ▼ −0.2 pp |
| Mar 2022 | 13.0% | ▲ +0.4 pp |
| Feb 2022 | 12.6% |
Food Inflation — Mexico vs Peers
Latest available reading for each economy (periods may differ). Mexico highlighted.
More Mexico indicators
Understanding Food Inflation — a simple guide
What it measures
The year-on-year change in the price of food and non-alcoholic beverages in the consumer price index.
How it is calculated
Year-on-year % change in the food and non-alcoholic beverages part of the CPI basket.
If vegetables, cereals and milk together cost 8% more than a year ago, food inflation is 8%.
High food inflation hurts household budgets and often lifts headline inflation.
Low or negative food inflation eases household costs but can mean lower farm incomes.
Why it matters for the economy and markets
Food is a large share of household spending, especially in emerging economies like India, so food prices strongly affect headline inflation and household budgets.
How to read it
Food inflation is volatile because of monsoon, harvests, supply problems and global commodity prices. Look at several months together rather than a single reading.
What to look at alongside it
Rainfall/monsoon, crop output, headline inflation and global food prices.
Key terms
- COICOP 01
- The international code for “food and non-alcoholic beverages” in CPI.
Data source
OECD — Organisation for Economic Co-operation and Development (series OECD CPI food), monthly data from Jan 1969 to Jul 2024. Values are shown exactly as published by the source and may be revised later.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What is the current food inflation of Mexico?
What is the highest and lowest food inflation of Mexico?
What does food inflation measure?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.