Mexico - May 2026

MEXICO | Central bank cuts interest rates as inflation slows. On 7 May Mexico’s central bank (Banxico) lowered its benchmark interest rate by 25 basis points, bringing the rate to 6.50%. Banxico’s decision came the same day as the national statistics institute (Inegi) released the consumer price index for April, showing that inflation stood at 0.20% in monthly terms and at 4.45% in annual terms. This is down from monthly inflation of 0.86% in March when annual inflation stood at 4.59%. This marks the first deceleration in annual inflation since December. Core inflation stood at 0.31% in monthly terms and 4.26% in annual terms, down from 0.38% and 4.45% respectively in March.

MEXICO | GFCF continues to fall. On 6 May Mexico’s national statistics institute (Inegi) announced that gross fixed capital formation (GFCF) in February 2026 was down by 0.8% in monthly terms and by 3.6% in annual terms, according to seasonally adjusted figures. This follows a monthly fall of 1.2% in January according to the latest figures, while monthly increases of 0.4% were registered in both November and December. The annual decline in February was the result of a 9.1% drop in investment in machinery and equipment while investment in construction was up 1.5%. The monthly result was driven by a 2.3% decline in investment in machinery and equipment while investment in construction was up 0.1%.

MEXICO | Remittances up. On 4 May Mexico’s central bank (Banxico) released remittance figures for March 2026, announcing that remittances to the country totalled US$5.39bn. This represents a 4.9% increase year-on-year and is up from remittances of US$4.47bn in February. March represents the second consecutive month of annual increases in the remittance total, following an increase of 0.4% in February. In the first quarter of 2026, remittances totalled US$14.46bn, up 1.4% on the US$14.25bn received in Q1 2025.

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

Mexico: unemployment rate
Economically active population

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