Mexico - October 2026

MEXICO | Inflation edges up. On 8 October Mexico’s national statistics institute (Inegi) released new figures for its consumer price index, showing a monthly inflation rate of 0.42% in September, while annual inflation stood at 3.45%. This was up from monthly inflation of 0.20% in August and 0.03% in July. Annual inflation is also up from 3.26% in August and 3.12% in July. Core inflation, which excludes volatile items such as food and energy, stood at 0.20% in monthly terms, up from 0.16% in August, and 3.75% in annual terms, which is down from 3.88% the previous month. The latest figures came as the central bank (Banxico) held its benchmark interest rate at 6.50% for the third consecutive occasion in September.

MEXICO | GFCF rises. On 5 October Mexico’s national statistics institute (Inegi) announced that gross fixed capital formation (GFCF) increased by 6% in year-on-year terms in July and by 1.4% in monthly terms. This followed a 1.3% monthly increase in June and 0.4% contraction in May. The annual increase followed those of 5.8% in June and 2.4% in May. The annual rise in July was the result of a 6.9% increase in construction investment, while investment in equipment and machinery was up by 4.9%. The monthly increase was driven by a 4.5% rise in investment in machinery and equipment, which was somewhat offset by a 1.5% drop in construction investment.

MEXICO | Remittances down in August. On 1 October Mexico’s central bank (Banxico) announced that the country received US$5.45bn in remittances in August, down 3.6% year-on-year. The August remittance amount was also down on US$5.57bn received in July. However, in the first eight months of the year, remittances totalled US$41.8bn, up 2.2% year-on-year from the US$40.9bn received in the same period of 2025. This comes despite the US tax on remittance cash transfers.

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

Mexico: unemployment rate
Economically active population

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