Mexico - July 2026

MEXICO | Inflation slows further in June. On 9 July Mexico’s national statistics institute (Inegi) released new figures for its consumer price index, showing a monthly deflation rate of 0.27% in June, while annual inflation stood at 3.37%, remaining within the central bank (Banxico)’s target of 3% ± 1.0 percentage point. This compares to monthly deflation of 0.21% in May, when the annual inflation rate stood at 3.94%. The annual rate is the lowest since December 2020. Core inflation, which excludes volatile items such as food and energy, stood at 0.24% in monthly terms and 4.03% in annual terms.

MEXICO | Vehicle exports, production down. On 7 July Mexico’s national statistics institute (Inegi) reported that exports and production of light vehicles dropped year-on-year in June, while sales increased. Exports were down by 9.2% year-on-year, with 301,009 units exported, while production dropped 1.9%, with 354,221 units produced. Sales were up 7.7%, with 126,902 vehicles sold in June. Sales and exports were also up in the first six months of the year as compared to the same period of 2025. Sales were up 5.3% with 754,518 units sold and exports up 1.4% to reach 1.7m. However, production was down 0.4% between January and June 2026 with 2.0m units produced.

MEXICO | GFCF rises. On 6 July Mexico’s national statistics institute (Inegi) announced that gross fixed capital formation (GFCF) in April 2026 was up by 4.0% in monthly terms and by 5.1% in annual terms, according to seasonally adjusted figures. This follows a monthly increase of 0.6% in March while monthly decreases were recorded in February (-0.4%) and January (-1.0%). The annual increase in April was the first since August 2024. It was the result of an 8.8% rise in investment in construction while investment in machinery and equipment was up 0.9%. The monthly result was driven by a 6.5% increase in construction and a 2.0% rise in investment in machinery and equipment.

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)