Makrognosis

Mexico INPC core: Merchandise (Subyacente Mercancías), index 2018=100

MonthlyNot seasonally adjustedCode MX.CPI.M.NSA.GRP-COREGOODS

Latest (y/y)3.3%October 2026
Previous (y/y)3.2%September 2026
Level152.9October 2026

Mexico INPC core: Merchandise (Subyacente Mercancías), index 2018=100 was up 3.3% year on year in October 2026, compared with 3.2% in September 2026.

The level stood at 152.9 (index 2018=100).

Over the past ten years it has ranged from 2.4% (Nov 2024) to 11.3% (Nov 2022), averaging 5.3%.

Mexico INPC core: Merchandise (Subyacente Mercancías), index 2018=100, annual % change, Jan 1997 – Oct 20260%10%20%30%200020052010201520202025Robomacro
Mexico INPC core: Merchandise (Subyacente Mercancías), index 2018=100, annual % change, Jan 1997 – Oct 2026. Source: Banco de Mexico SIE (Sistema de Informacion Economica).
Mexico INPC core: Merchandise (Subyacente Mercancías), index 2018=100, level (index 2018=100)050100150200020052010201520202025Robomacro
Mexico INPC core: Merchandise (Subyacente Mercancías), index 2018=100, 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 2026152.93.3
September 2026152.53.2
August 2026152.33.4
July 2026152.23.5
June 2026151.93.6
May 2026151.63.8
April 2026151.34.0
March 2026150.94.4
February 2026150.44.5
January 2026149.94.6
December 2025148.54.3
November 2025148.04.4
October 2025148.04.1
September 2025147.84.2
August 2025147.34.1
July 2025147.04.0
June 2025146.73.9
May 2025146.13.7
April 2025145.53.4
March 2025144.53.0
February 2025143.92.7
January 2025143.32.7
December 2024142.42.5
November 2024141.82.4

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

Get Mexico INPC core: Merchandise (Subyacente Mercancías), index 2018=100 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.CPI.M.NSA.GRP-COREGOODS"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/MX.CPI.M.NSA.GRP-COREGOODS",
                 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 high11.3% (Nov 2022)
10-year low2.4% (Nov 2024)
10-year average5.3%
Source agencyBanco de Mexico SIE (Sistema de Informacion Economica)
Makrognosis codeMX.CPI.M.NSA.GRP-COREGOODS

More Mexico CPI series

Mexico INPC core: Services (Subyacente Servicios), index 2018=100Mexico INPC non-core (No Subyacente), index 2018=100Mexico INPC non-core: Energy and government-authorized tariffs, index 2018=100Mexico Inflation Rate (CPI)

Other Mexico indicators

Mexico GDP (Gross Domestic Product)Mexico Nominal GDP, current prices, NSA at annual rateMexico Inflation Rate (CPI)Mexico Core Inflation RateMexico 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 Stock

FAQ

What is the current iNPC core: Merchandise (Subyacente Mercancías), index 2018=100 in Mexico?
The latest reading is 3.3% 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.CPI.M.NSA.GRP-COREGOODS.

Last updated 2026-11-10. Source: Banco de Mexico SIE (Sistema de Informacion Economica). Original title: “Mexico INPC core: Merchandise (Subyacente Mercancías), index 2018=100”.