Mexico inflation rises to 3.75% in October, Digi Mart USA News (Mexico): Mexico’s overall annual inflation rate rose to 3.75% in October, up from 3.45% in September, and has now increased for three consecutive months, the National Institute of Statistics and Geography (Inegi) reported on Monday.
The indicator has been climbing since August, when it stood at 3.26%, following 3.12% in July and 3.37% in June. In October, general inflation rose 0.65% month over month.
In October 2025, monthly inflation was 0.36% and annual inflation was 3.57%.
The result keeps overall inflation above the Bank of Mexico’s permanent target of 3%, although it remains within the one-percentage-point variability range around that goal.
Core inflation, considered a better gauge of general cost-of-living pressures because it excludes highly volatile products, rose 0.34% month over month and 3.80% annually. That was higher than the 3.75% recorded in September, according to Inegi data.
Within core, goods rose 0.22% monthly and services rose 0.44%. Annually, goods increased 3.25% and services grew 4.32%.
Among goods, processed foods, beverages and tobacco posted annual inflation of 4.53%, while non-food goods rose 2.15%. In services, housing increased 3.53%, education 5.84% and other services 4.87%.
Non-core inflation, which includes agricultural products, energy and government-authorized rates, advanced 1.75% month over month and 3.59% annually. Agricultural products rose 2.99% annually, with fruits and vegetables surging 13.19%, while livestock products fell 3.61%.
Inegi explained that energy prices and government-authorized rates rose 2.13% monthly, mainly due to the end of the summer electricity tariff subsidy in 18 cities across the country. Electricity prices rose 18.51% month over month, air transport 26.36%, tomatoes 9.68%, domestic LP gas 3.67% and green tomatillos 35.58%.
Prices of internet, telephone and pay-television packages fell 2.48%, while potatoes and other tubers dropped 6.29%, lemons 16.53%, oranges 8.90%, bananas 4.83% and serrano chiles 8.98%.
By consumption purpose, the largest annual increases were recorded in insurance and financial services at 7.55%, alcoholic beverages and tobacco at 7%, and restaurants and accommodation services at 6.20%.
The minimum consumption basket, which tracks 170 goods and services, rose 0.61% month over month and 3.59% annually in October.
Consumer prices closed 2025 with inflation of 3.69%, their lowest level in five years, following 4.21% in 2024, 4.66% in 2023 and 7.82% in 2022, the highest level in 22 years and the highest for a year-end in this century.
