Mexico’s December Inflation at 3.72%, Core Rate Remains High

Inflation in Mexico Reaches 3.72% in December

Mexico’s inflation closed the first half of December with an annual variation of 3.72%, according to the National Consumer Price Index (INPC), published this Tuesday by the National Institute of Statistics and Geography (Inegi).

With this, in the first half of December, the INPC stood at 143.057 points, representing an increase of 0.17% compared to the previous half-month period.

With this result, the general annual inflation was placed at 3.72%, below that recorded in the same period of 2024, when the half-month inflation was 0.42% and the annual rate was 4.44%.

Core Inflation Does Not Yield

According to Inegi, core inflation had an increase of 0.31% in the first 15 days of December, with the annualized rate at 4.34%.

In 2024, the annualized core inflation was at 3.62%.

The products that increased the most were:

• Air transportation, 38.25%
• Green tomatoes, 10.69%
• Sugar, 3.36%
• Package tourism services, 9.02%
• Lunch counters, fondas, torterías and taquerías, 0.44%
• Electricity, 0.56%
• Pasteurized and fresh milk, 0.83%

The core price index increased 0.31% at the half-month rate. Within this category, merchandise prices rose 0.13%, while services increased 0.47%.

In contrast, the non-core index registered a decrease of 0.30% half-monthly. In this category, fruit and vegetable prices fell 1.54%, while energy and government-authorized rates increased 0.21%.