Mexico inflation accelerates to 3.75 percent in October

Mexico's consumer prices rose 0.65 percent in October, taking annual inflation to 3.75 percent from 3.62 percent in the first half of the month, INEGI reported on Monday, with core inflation at 3.80 percent on the year.

Why it matters: The acceleration lands four days after Banco de México cut its policy rate to 6.25 percent and raised its year-end inflation forecast, and it keeps both headline and core inflation above the bank's 3 percent target.

Data as of INEGI, Índice Nacional de Precios al Consumidor for October 2026, published November 9, 2026; the institute's own release post (INPC at 147.026, up 0.65 percent on the month, annual inflation 3.75 percent, core 3.80 percent) was read in full as carried by NX Noticias in this run, in Spanish; INEGI's press-room page itself did not render its release list to this reader. Bloomberg is cited for the headline framing only. Developing item.

Mexico’s national statistics institute INEGI reported on Monday that the consumer price index stood at 147.026 in October, up 0.65 percent from September, which put annual inflation at 3.75 percent. That is an acceleration from the 3.62 percent annual rate recorded in the first half of October, and core inflation, which strips out the most volatile items, was 3.80 percent on the year.

The month’s increases were led by farm products including tomatoes and squash, air transport, electricity, professional services and LP gas, INEGI said, while falls in limes, serrano chiles, oranges, avocados and potatoes, along with cheaper telecommunications packages, pulled the other way. The print follows Banco de México’s November 5 decision to cut its overnight rate by 25 basis points to 6.25 percent, when the bank also raised its forecast for inflation at the end of 2026 to 3.7 percent.

Mexico inflation accelerates to 3.75 percent in October

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