MEXICO.— Annual inflation in Mexico reached 3.74% in the first half of September 2025, marking three consecutive fortnights of increases, according to figures from the National Institute of Statistics and Geography (Inegi).
The National Consumer Price Index (CPI) rose 0.18% compared to the previous fortnight, the highest level for this period since September 2023.
The figure came in slightly below analysts’ median forecast of 3.76%, but within the expected range of 3.63% to 3.86% projected by 38 financial institutions surveyed by Citi.
Education fees showed the greatest upward impact: primary school (5.75%), preschool (5.89%), secondary (5.48%), high school (2.71%), and university (1.63%). Increases were also recorded in chicken (0.50%), beef (0.43%), meals at eateries and taco shops (0.20%), and housing costs (0.11%).
In contrast, items contributing to lower prices included professional services (-15.31%), avocado (-5.94%), potatoes and other tubers (-4.29%), oranges (-4.66%), lettuce and cabbage (-5.01%), air transport (-3.37%), tequila (-2.80%), tomatoes (-1.40%), LP domestic gas (-0.52%), and eggs (-0.66%).
Core inflation, which excludes the most volatile goods and services, increased 0.22% in the fortnight and 4.26% annually, slightly above the 4.25% recorded in the previous period. Within this category, goods prices rose 4.19% and services 4.32%.
The non-core index rose 0.48% in the fortnight, with an annual increase of 2.01%, higher than the 1.66% reported in the prior period. Agricultural products increased 2.96% annually, while energy and government-regulated tariffs grew 1.23%.
Lastly, the Minimum Consumption Basket Price Index, which tracks 176 goods and services, registered a fortnightly variation of 0.24% and an annual increase of 3.71%.
Meta description (EN): Mexico’s inflation reached 3.74% in mid-September 2025, marking three consecutive fortnights of increases, according to Inegi.
Source: Uniradio Informa
