Although many consumers report noticing price increases this month, Mexico’s inflation rate fell in the first half of January to an annualized figure of 3.69 percent—its lowest level in four years, the National Institute of Statistics and Geography (INEGI) reported on Thursday.
The figure came in below market expectations and is lower than the 4.21 percent rate recorded at the close of 2024.
During this January period, INEGI noted a 0.20 percent increase in the Consumer Price Index (CPI) compared to the previous 15 days. The CPI measures the average change in prices over time for a basket of goods and services typically purchased by households, while the annual inflation rate reflects the percentage change in the CPI over a 12-month period.