Economy & Business - June 2025

MEXICO | Annual inflation accelerates, exceeds target range. On 9 June Mexico’s national statistics institute (Inegi) released the consumer price index (INPC) for May, reporting that monthly inflation stood at 0.28% in May, down from 0.33% in April. This brought the annual headline inflation rate to 4.42%, up from 3.93% in April, and above the upper end of the central bank (Banxico)’s target range of 3% +/-1. The annual figure was above the 4.38% expected by economists in a Reuters poll, and the 4.38% median estimate of economists surveyed by Bloomberg. Core inflation, which excludes volatile items like food and fuel, was 0.30% in monthly terms in May, down from 0.49% in April.