Makrognosis

Mexico Core Inflation Rate

MonthlyNot seasonally adjustedCode MX.CPICORE.M.NSA

Latest (y/y)3.8%October 2026
Previous (y/y)3.7%September 2026
Level147.0October 2026

Mexico Core Inflation Rate was up 3.8% year on year in October 2026, compared with 3.7% in September 2026.

The level stood at 147.0 (index 2018=100).

Among the 50 economies Makrognosis covers on this measure, it is the 11th highest.

Over the past ten years it has ranged from 3.1% (Oct 2016) to 8.5% (Nov 2022), averaging 4.7%.

Mexico Core Inflation Rate, annual % change, Jan 1997 – Oct 20260%10%20%30%200020052010201520202025Robomacro
Mexico Core Inflation Rate, annual % change, Jan 1997 – Oct 2026. Source: Banco de Mexico SIE (Sistema de Informacion Economica).
Mexico Core Inflation Rate, level (index 2018=100)255075100125150200020052010201520202025Robomacro
Mexico Core Inflation Rate, level (index 2018=100).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValueY/Y %
October 2026147.03.8
September 2026146.53.7
August 2026146.23.9
July 2026146.03.9
June 2026145.74.0
May 2026145.34.2
April 2026145.04.3
March 2026144.54.4
February 2026144.04.5
January 2026143.34.5
December 2025142.54.3
November 2025141.94.4
October 2025141.64.3
September 2025141.24.3
August 2025140.84.2
July 2025140.54.2
June 2025140.04.2
May 2025139.54.1
April 2025139.13.9
March 2025138.43.6
February 2025137.83.6
January 2025137.13.7
December 2024136.63.7
November 2024135.93.6

Last 24 observations. The full history (370 observations) is available through the API.

Get Mexico Core Inflation Rate in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/MX.CPICORE.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/MX.CPICORE.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationOctober 2026
First observationJanuary 1996
Observations370
FrequencyMonthly
Unitsindex 2018=100
AdjustmentNot seasonally adjusted
10-year high8.5% (Nov 2022)
10-year low3.1% (Oct 2016)
10-year average4.7%
Source agencyBanco de Mexico SIE (Sistema de Informacion Economica)
Makrognosis codeMX.CPICORE.M.NSA

Core Inflation Rate: how Mexico compares

#EconomyPeriodLatest
1ArgentinaSep 202631.6%
2TurkeyOct 202628.5%
3RomaniaSep 20267.0%
4IcelandSep 20266.8%
5KosovoSep 20266.2%
6PhilippinesOct 20265.4%
7MontenegroSep 20264.8%
8SerbiaSep 20264.7%
9GreeceOct 20264.7%
10BulgariaOct 20264.5%
11MexicoOct 20263.8%
12GeorgiaSep 20263.7%
13LithuaniaOct 20263.7%
14HungarySep 20263.7%
15AustraliaSep 20263.6%
16North MacedoniaSep 20263.6%
17SpainOct 20263.5%

Core Inflation Rate by country: all 50 economies ranked →

Other Mexico indicators

Mexico GDP (Gross Domestic Product)Mexico Nominal GDP, current prices, NSA at annual rateMexico Inflation Rate (CPI)Mexico Unemployment RateMexico 10-Year Government Bond YieldMexico Credit Rating & Sovereign Risk ScoreMexico Industrial ProductionMexico Retail SalesMexico Producer Price Inflation (PPI)Mexico Trade Balance: Goods & ServicesMexico Exports of Goods, FOB, total (INEGI), USD mnMexico Imports of Goods, FOB, total (INEGI), USD mnMexico Government Debt to GDPMexico Consumer confidence index, seasonally adjusted (INEGI BIE 454186)Mexico M2 Money StockMexico 10-Year Fixed-Rate Bond (M-Bono) Yield (Banxico SIE)

FAQ

What is the current core Inflation Rate in Mexico?
The latest reading is 3.8% year on year for October 2026, published by Banco de Mexico SIE (Sistema de Informacion Economica).
Where does this data come from?
It is collected directly from Banco de Mexico SIE (Sistema de Informacion Economica) and is available through the Makrognosis API under the code MX.CPICORE.M.NSA.

Last updated 2026-11-10. Source: Banco de Mexico SIE (Sistema de Informacion Economica). Original title: “Mexico Core CPI (INPC Subyacente) index, Monthly”.