FX.co ★ Mexico Inflation Rate Picks Up for 2nd Month

In September 2025, Mexico's annual inflation rate accelerated for the second consecutive month, reaching 3.76%, up from 3.57% in August. Despite this increase, the rate remains comfortably within the central bank's targeted range of 2% to 4%. Analysts had anticipated a marginally higher rate of 3.79%. Several sectors contributed upward pressure on inflation, including restaurants and hotels (7.61%, slightly down from 7.62% in August), miscellaneous goods and services (6.06%, up from 5.68%), education (5.81%, up from 5.34%), alcoholic beverages and tobacco (4.39%, up from 4.06%), recreation and culture (4%, up from 3.16%), and food and non-alcoholic beverages (3.94%, up from 3.10%). Concurrently, the core inflation rate edged up to 4.28%—its highest since April 2024—from 4.23% in August. On a month-to-month basis, consumer prices rose by 0.23%, following a 0.06% increase in August, and contrasted with market expectations of a 0.27% rise.