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The Consumer Price Index gauges the price changes in a basket of goods and services representative of Mexican households' consumption. As of February 2026, the CPI had increased **** percentage points compared to the same month of the previous year. Despite some fluctuations, the monthly inflation rate in the country has been experiencing an overall downward trend since August 2022.

Different forms of measuring inflation

The National Institute of Statistics, Geography, and Informatics (INEGI) measures price variations considering a total of 299 goods and services that encompass the most representative goods in rural and urban areas of the country. Nonetheless, not all categories of goods and services increased at the same rate. As of June 2024, food and non-alcoholic beverages recorded the highest CPI with *** points, followed by restaurants and hotels.

Consumer’s perception

Consumers in Mexico had experienced rising prices differently, for example, people older than 55 years old had a higher perceived level of inflation in groceries than any other age group. Groceries were the second category with the highest perceived inflation, only behind restaurants, with almost ** percent of Mexicans reporting high increases. As well as different perceptions, consumers decide to take varying alternatives to cope with the increases, the most common were paying more attention to prices, changing brands of certain products, or reducing consumption.