Mexico - September 2026

MEXICO | Inflation picks up. On 9 September Mexico’s national statistics institute (Inegi) released new figures for its consumer price index, showing a monthly inflation rate of 0.20% in August, while annual inflation stood at 3.26%, within the target of 3% ± 1.0 percentage point set by the central bank (Banxico). The monthly rate was up from 0.03% in July and deflation of 0.27% in June. The rise in annual inflation from 3.12% in July to 3.26% in August was the first acceleration in five months, although it remained below June’s 3.37%. Core inflation, which excludes volatile items such as food and energy, stood at 0.16% month-on-month and 3.88% year-on-year, down from 0.23% and 3.95%, respectively, in July. This comes after Banxico held its benchmark interest rate at 6.50% on 6 August.

MEXICO | Monthly vehicle sales and exports up, production down. On 7 September Inegi reported that sales and exports of light vehicles increased year-on-year in August, while production decreased. Sales rose 2.23% year-on-year in August to 129,362 vehicles, while exports increased by 1.26% to 300,475. Production dropped by 1.43% with 344,940 units produced. From January to August 2026, sales were up by 4.68% compared with the same period in 2025, with 1.01m vehicles sold. However, production and exports both saw slight declines, falling 0.72% to 2.65m units and 0.06% to 2.25m units respectively.

MEXICO | Remittances rise. On 1 September Mexico’s central bank (Banxico) announced that remittances to the country in July totalled US$5.57bn, up 3.0% year-on-year and 1.8% from US$5.47bn in June. On a seasonally adjusted basis, remittance income increased by 0.5% month-on-month. The average remittance amount in July was US$426, up 3.0% from July 2025, while the number of remittances was broadly unchanged. Over the first seven months of 2026, remittances totalled US$36.35bn, up 3.1% year-on-year. 

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)