Mexico’s month-over-month core inflation ticked up in January 2026, interrupting the previous month’s softer trend and underscoring persistent underlying price pressures in Latin America’s second-largest economy.
According to the latest data, updated on 9 February 2026, Mexico’s core inflation rate rose to 4.52% in January, up from 4.33% in December 2025. The indicator compares January’s change in core prices with the previous month, while the December figure reflected the change relative to November.
The acceleration in January suggests that underlying inflation, which excludes more volatile items, remains sticky and could complicate the path toward more accommodative monetary policy. Analysts and policymakers will be watching upcoming releases closely to assess whether January’s uptick marks the start of a new upward trend or a temporary bump in Mexico’s disinflation process.
