Mexico Inflation Rate MoM
Month-on-month change in the consumer price index.
Inflation Rate MoM in Mexico increased to 1.05 percent in Jul 2024 from 0.38 percent in Jun 2024.
Mexico Inflation Rate MoM — History
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Mexico Inflation Rate MoM — analysis in simple words
Latest reading
Inflation Rate MoM in Mexico increased to 1.05 percent in Jul 2024 from 0.38 percent in Jun 2024.
Over the last three months it rose twice and fell once.
Recent trend
A year earlier (Jul 2023) it was 0.48%, so the latest figure is 0.56 percentage points higher.
Over the past five years the average was 0.45%, with a range from -1.01% to 1.14%. The latest value is above that five-year average.
Historical context
This data series starts in Jan 1969 and has 667 monthly observations. The latest reading is higher than 64% of all of them.
The highest value on record is 15.46% (Jan 1988) and the lowest is -1.01% (Apr 2020). The long-run average is 1.45%.
Compared with other countries
Among 44 economies with recent data, Mexico ranks 3rd from the top. The median across all these economies is 0.15%, so Mexico is above the typical country.
Among 17 major economies tracked on this site it ranks 1st.
Within Latin America & Caribbean (5 economies with data) it ranks 2nd; the regional median is 0.82%.
Statistics
- Latest
- 1.05%Jul 2024
- Previous
- 0.38%
- 5-year average
- 0.45%
- Long-run average
- 1.45%since Jan 1969
- All-time high
- 15.46%Jan 1988
- All-time low
- -1.01%Apr 2020
- Observations
- 667Monthly
Recent Data
| Period | Value | Change |
|---|---|---|
| Jul 2024 | 1.05% | ▲ +0.67 pp |
| Jun 2024 | 0.38% | ▲ +0.56 pp |
| May 2024 | -0.19% | ▼ −0.39 pp |
| Apr 2024 | 0.20% | ▼ −0.09 pp |
| Mar 2024 | 0.29% | ▲ +0.19 pp |
| Feb 2024 | 0.09% | ▼ −0.80 pp |
| Jan 2024 | 0.89% | ▲ +0.19 pp |
| Dec 2023 | 0.71% | ▲ +0.07 pp |
| Nov 2023 | 0.64% | ▲ +0.26 pp |
| Oct 2023 | 0.38% | ▼ −0.07 pp |
| Sep 2023 | 0.44% | ▼ −0.11 pp |
| Aug 2023 | 0.55% | ▲ +0.07 pp |
| Jul 2023 | 0.48% | ▲ +0.38 pp |
| Jun 2023 | 0.10% | ▲ +0.32 pp |
| May 2023 | -0.22% | ▼ −0.20 pp |
| Apr 2023 | -0.02% | ▼ −0.29 pp |
| Mar 2023 | 0.27% | ▼ −0.29 pp |
| Feb 2023 | 0.56% | ▼ −0.12 pp |
| Jan 2023 | 0.68% | ▲ +0.30 pp |
| Dec 2022 | 0.38% | ▼ −0.19 pp |
| Nov 2022 | 0.58% | ▲ +0.01 pp |
| Oct 2022 | 0.57% | ▼ −0.05 pp |
| Sep 2022 | 0.62% | ▼ −0.08 pp |
| Aug 2022 | 0.70% | ▼ −0.05 pp |
| Jul 2022 | 0.74% | ▼ −0.10 pp |
| Jun 2022 | 0.84% | ▲ +0.67 pp |
| May 2022 | 0.18% | ▼ −0.36 pp |
| Apr 2022 | 0.54% | ▼ −0.45 pp |
| Mar 2022 | 0.99% | ▲ +0.16 pp |
| Feb 2022 | 0.83% |
Inflation Rate MoM — Mexico vs Peers
Latest available reading for each economy (periods may differ). Mexico highlighted.
More Mexico indicators
Understanding Inflation Rate MoM — a simple guide
What it measures
The change in the consumer price index compared with the previous month.
How it is calculated
(CPI this month ÷ CPI last month − 1) × 100.
If the CPI index rose from 200.0 to 200.6, monthly inflation is 0.3%.
A high monthly reading shows prices are rising quickly right now.
A negative reading means prices fell compared with last month.
Why it matters for the economy and markets
Monthly changes show the latest momentum in prices, months before it fully shows up in the year-on-year rate.
How to read it
Monthly numbers are small: 0.2% a month is about 2.4% a year. Some months are always higher (festivals, harvest effects), so compare the same month across years.
What to look at alongside it
Year-on-year inflation and core inflation.
Key terms
- MoM
- Month-on-month: compared with the previous month.
Data source
OECD — Organisation for Economic Co-operation and Development (series OECD CPI MoM), 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 inflation rate mom of Mexico?
What is the highest and lowest inflation rate mom of Mexico?
What does inflation rate mom 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.