Business · Economy · 2 days ago
Mexico remittances fall 3.6% in August as purchasing power declines
Remittances are money sent home by people living abroad.
Mexico received $5.452 billion in August, 3.6% less than in August the previous year and 2.1% less than in July.
From January through August, however, the total was $41.802 billion, above the $40.903 billion received in the same period a year earlier.
The money supports about 4.8 million Mexican families, but inflation and exchange-rate changes meant recipients had 14.7% less purchasing power in pesos in August than a year before.
The decline in purchasing power had continued for 15 months.
Experts expect remittances to remain high and support household spending, but to gradually moderate.
They also warn that an aging Mexican migrant community in the United States and a lower tendency to send money could affect transfers in coming years.
Remittances received by Mexico in August totaled $5.452 billion, down 3.6% from a year earlier.
The amount was also 2.1% lower than in July.
From January through August, remittances reached $41.802 billion, up from $40.903 billion in the same period a year earlier.
After inflation and exchange-rate effects, recipient households received 14.7% less in pesos than a year earlier.
The decline in purchasing power continued for a 15th consecutive month.
- Who
- Mexican households receiving remittances; about 4.8 million families benefited from the August flows.
- What
- Remittances received in Mexico fell 3.6% year on year in August.
- When
- August 2026.
- Where
- Mexico.
- Why
- The reason for the year-on-year fall in remittances is not stated. Purchasing power fell after inflation and exchange-rate effects.
This story does not have two clearly opposing sides.
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- August remittances
- $5.452 billion
- Year-on-year change
- Down 3.6%
- Monthly change
- Down 2.1% from July
- January–August total
- $41.802 billion
- Purchasing power
- Down 14.7% in pesos year on year
- Benefiting families
- About 4.8 million
Sources
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