Mexico’s Producer Price Index (PPI) growth slowed further in January 2026, easing to 1.50% year-on-year from 2.10% in December 2025, according to data updated on 9 February 2026. The figures, measured on a year-over-year basis, indicate that factory-gate and wholesale price pressures in Mexico continued to moderate at the start of the year.
The “previous” reading of 2.10% reflected the change in producer prices in December 2025 compared with December 2024, while the latest “actual” figure captures the change in January 2026 relative to January 2025. The continued decline points to a softer cost environment for producers, which can eventually filter through to consumer prices and broader inflation metrics.
Market participants and policymakers are likely to watch whether this easing in producer inflation persists in the coming months, as it could influence expectations around corporate margins, pricing power, and the future path of monetary policy in Mexico.
