Mexico annual inflation October 2026, Digi Mart USA News (Mexico City): Mexico’s general inflation reached 3.75% annually in October 2026, above the 3.57% recorded in the same month of 2025, according to the National Consumer Price Index (INPC) published by the National Institute of Statistics and Geography (INEGI) on November 9. Monthly prices rose 0.65%, compared with a 0.36% increase a year earlier.
The INPC stood at 147.026 points in October. The monthly change was higher than the 0.55% recorded in October 2024 and represented the largest increase for that month since 2021, when it reached 0.84%.
The core component, which excludes goods and services with highly volatile prices or those that do not respond to market conditions, registered annual inflation of 3.80%, below the 4.28% of October 2025. However, its monthly change rose from 0.29% to 0.34% between the two periods.
Within this component, goods showed an annual increase of 3.25%, while services rose 4.32%. On a monthly basis, the changes were 0.22% and 0.44%, respectively.
Processed foods, beverages and tobacco recorded annual inflation of 4.53%, while non-food goods increased 2.15%. In services, housing showed an annual change of 3.53%, and education, measured through tuition fees, reached 5.84%.
The non-core component recorded the largest annual increase. Its annual inflation rose from 1.18% in October 2025 to 3.59% in October 2026, and its monthly change increased from 0.63% to 1.75%.
Within this component, agricultural products registered a monthly increase of 1.27%, while energy and government-authorized rates rose 2.13%. Fruits and vegetables showed a monthly change of 2.35% and annual inflation of 13.19%.
Energy prices rose 3.49% monthly.
Among the factors affecting energy prices was the end of the summer-season electricity rate subsidy in 18 cities across the country. Electricity rose 18.51% monthly and was the product with the greatest positive impact on general inflation, contributing 0.215 percentage points.
Other products that contributed to the monthly increase included air transportation, which rose 26.36%; tomatoes, at 9.68%; and domestic LP gas, at 3.67%. In contrast, internet, telephone and pay-television packages fell 2.48%, potatoes and other tubers dropped 6.29%, and lemons declined 16.53%.
The difference between the components was also reflected in their contribution to annual inflation. The core index contributed 2.942 percentage points and the non-core index 0.810 points, according to the incidences reported for October.
The Minimum Consumption Basket Consumer Price Index recorded a monthly increase of 0.61% and an annual change of 3.59%, compared with 3.61% annual inflation observed in October 2025.
