Business · Economy · 3 hrs ago
Mexico's annual inflation rose to 3.62% in early October
Mexico’s annual inflation rose to 3.62% in the first half of October, up from 3.49% at the end of September.
The increase was higher than analysts had expected, and underlying inflation, which excludes more volatile prices, also accelerated to 3.78%.
Electricity prices jumped 18.51% as summer tariff subsidies ended in 18 cities.
Green tomatoes rose 22.07%, while airfares and professional services also became more expensive.
Some foods, including lemons and regular tomatoes, fell in price, partly offsetting the increases.
The figures add pressure on the Bank of Mexico as it considers how to bring inflation toward its 3% target, with a one-percentage-point margin above or below.
The central bank kept its key interest rate at 6.5% in September and is due to meet again on November 5.
Mexico’s annual inflation rose to 3.62% in the first half of October, up from 3.49% at the end of September.
The increase exceeded the 3.59% median forecast of analysts surveyed by Bloomberg.
Core inflation reached 3.78% year on year, while consumer prices rose 0.41% from the previous half-month.
Electricity prices climbed 18.51% in the period, mainly after summer electricity subsidies ended in 18 cities.
Green tomato prices rose 22.07%, while lime prices fell 10.43%.
- Who
- Mexico’s National Institute of Statistics and Geography (Inegi) reported the figures.
- What
- Annual inflation rose to 3.62% in the first half of October. Consumer prices increased 0.41% from the previous half-month.
- When
- The first half of October 2026; the figures were reported on October 22.
- Where
- Mexico.
- Why
- Higher prices for electricity, green tomatoes, air travel and professional services contributed to the increase. The electricity rise was mainly linked to the end of summer subsidies in 18 cities.
This story does not have two clearly opposing sides.
Banxico kept its benchmark interest rate unchanged at 6.5% for a third consecutive meeting.
Annual inflation reached 3.62%, and consumer prices rose 0.41% from the previous half-month.
Inegi’s inflation figures were reported.
Banxico was scheduled to hold its next monetary policy meeting.
- Annual inflation
- 3.62% in the first half of October
- Core inflation
- 3.78% year on year
- Consumer prices
- Up 0.41% from the previous half-month
- Electricity prices
- Up 18.51% in the first half of October
- Green tomato prices
- Up 22.07% in the first half of October
- Summer electricity subsidies
- Ended in 18 cities