Mexico’s annual inflation rate climbed to 4.59% in March 2026, according to official data from the national statistics agency. The increase extends a recent upward trend, keeping inflation above the central bank’s target range.
The rise was largely driven by higher prices in agricultural goods and energy, with tomatoes showing one of the sharpest increases. Airfares and prepared food services also contributed to the overall uptick.
On a monthly basis, consumer prices rose by about 0.86%, pointing to broad-based pressure across several spending categories.
Non-core inflation —which includes more volatile items such as fresh produce and energy— was the main driver, with fruits and vegetables posting double-digit monthly gains.
Core inflation, a key measure of underlying price trends, increased at a slower pace but remains elevated.
Among the items with the largest price increases were tomatoes, cucumbers, limes and air travel. Meanwhile, some categories such as telecom services, eggs and pork recorded price declines.
The inflationary pressure also reflects external factors, including global energy prices, as well as domestic supply conditions affecting agricultural output.
Economists note that if these trends persist, they could shape upcoming monetary policy decisions, particularly regarding interest rate adjustments.
Source: Expansión
