In Mexico, inflation rose during February according to the National Consumer Price Index (INPC), which measures the variation in prices of a representative basket of goods and services consumed by Mexican households. The index reached 3.77% annually, showing acceleration after a deceleration in previous months.
Core inflation, which excludes goods and services with more volatile prices, recorded a rate of 3.65% compared to February 2024, with a slight moderation from the 3.66% observed in January. This change was due to the moderation in 5 of the 7 components in year-on-year comparison, with merchandise, food, beverages, tobacco, and services showing declines, while items such as education and housing accelerated.
Regarding the non-core price index, it had an annual growth of 4.08%, up from the 3.34% observed in January. In February, fruits and vegetables fell by 5.54%, while livestock products, energy, and government-authorized rates increased.
On a monthly basis, the INPC decreased by 0.28% in February, compared to the adjustment of 0.29% in January. The core price index increased by 0.48%, while the non-core decreased by 0.39%. According to INEGI data, in February 2025, products such as eggs, beef, and home ownership contributed to the rise in inflation, while tomatoes, onions, potatoes, and cactus pads had falling prices.
