Inflation in Mexico rose to 3.26% in August — The Rio Times
In Mexico, annual inflation accelerated to 3.26% in August 2026 after 3.12% in July. Consumer prices rose by 0.20% month on month, while the consumer price index stood at 145.462, The Rio Times reports, citing Mexico’s National Institute of Statistics and Geography, INEGI.
The August reading interrupted three consecutive months of declining annual inflation. It stood at 3.37% in June, 3.12% in July, and 3.26% in August.
Core inflation declined
At the same time, annual core inflation, which excludes the most volatile components, including fresh food and energy, slowed from 3.95% in July to 3.88% in August.
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The Rio Times notes that the rise in the headline index alongside a decline in the core reading indicates the role of non-core components, including agricultural products, fuel, and regulated prices. INEGI had not yet published a detailed breakdown of the components of August inflation at that time.
Prices for fresh vegetables and fruit can change due to weather conditions and harvest timing. Energy costs depend on global oil prices and domestic policy.
Bank of Mexico rate
The Bank of Mexico’s target rate for overnight interbank funding stands at 6.50%. The regulator left it unchanged at its meetings in June and August. The central bank’s inflation target is 3%, with an allowable deviation of one percentage point in either direction, so the August headline reading is within this range.
