Mexico - March 2026

MEXICO | Inflation edges up in February. On 9 March Mexico’s national statistics institute (Inegi) released the latest figures for its consumer price index (INPC), which put monthly inflation in February at 0.50% and annual inflation at 4.02%. Both rates saw slight increases from the previous month - monthly inflation rose from 0.38% in January, and the annual rate rose from 3.79%. Core inflation, which excludes volatile items such as food and fuel, increased 0.46% in monthly terms and 4.50% year-on-year in February, compared with a 0.60% monthly rise in January, when the annual core inflation rate stood at 4.52%.

MEXICO | GFCF down year-on-year. On 5 March Mexico’s national statistics institute (Inegi) announced that gross fixed capital formation (GFCF) in December 2025 was up by 0.5% in monthly terms and down by 1.6% year-on-year, according to seasonally adjusted figures. This follows a monthly increase of 0.5% in November, and 1.0% in October on the latest figures. The annual decline in December was the result of a 7.9% drop in investment in machinery and equipment while investment in construction was up 4.1%. The monthly result was driven by a 0.3% decline in investment in machinery and equipment while investment in construction was up 0.9%.

MEXICO | Remittances continue to fall in January. On 2 March Mexico’s central bank (Banxico) released remittance figures for the first month of 2026, announcing that remittances to Mexico totalled US$4.59bn. This represents a 1.4% drop year-on-year and is down from remittances of US$5.32bn received in December 2025. December marked the first annual increase in remittance inflows following eight consecutive months of yearly drops between April and November 2025. Remittance inflows in 2025 totalled US$61.79bn, down from the US$64.75bn received in 2024 and US$63.31bn in 2023. This represented the first annual decline since 2013.

Mexico: GDP growth
Percentage variation (year-on-year)

Mexico: unemployment rate
Economically active population

Mexico: inflation rate
Percentage variation (year-on-year)

Source (all graphs): National Statistics Institute (Inegi)