In January 2026, Mexico’s inflation was largely driven by higher prices for cigarettes, bottled soft drinks and prepared foods sold in small eateries, according to official data. Price increases in cigarettes and soft drinks were partly linked to adjustments in excise taxes.
Meanwhile, several goods and services saw price declines, including air travel, eggs and household gas, which helped offset some of the upward pressure on inflation.
Annual inflation stood at 3.79%, with a monthly increase of 0.38%. Core inflation rose 4.52% year over year, driven mainly by merchandise prices, while the non-core component showed a more moderate performance.
Overall, the figures highlight how everyday consumer products played a significant role in shaping price trends, while falling prices in other categories helped partially balance inflationary pressures.
Source: El Economista
