Inflation rises to 3.45% in September as fruit and vegetable prices climb nearly 9%
Core inflation eased to 3.75% as the annual headline rate hit its highest level since May, but still well below the 4.59% peak recorded in March. The post Inflation rises to 3.45% in September as fruit and vegetable prices climb nearly 9% appeared first on Mexico News Daily
Mexico's annual inflation rate rose to 3.45% in September, a 0.19 percentage point increase from 3.26% in August, according to the national statistics agency INEGI. The core inflation rate, which excludes food and energy prices, fell to 3.75% in September from 3.88% in August. Month-over-month inflation was reported at 0.42% in September.
The inflation rate reached its highest level since May in September, but remained below the 2026 peak of 4.59% in March. Fruit and vegetable prices increased by nearly 9% annually in September, the largest rise among the tracked categories. Meat prices, on the other hand, fell by 4.46% annually. Banxico, Mexico's central bank, maintained its benchmark interest rate at 6.50% after voting in favor of keeping the rate stable. The board will meet again on November 5 to discuss potential changes to the interest rate.
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