Story perspectives

Mexico's Inflation Holds Steady Amid Rising Food Prices

9/11/2025

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Summary

Story summary

Mexico's consumer prices rose 3.57% in August 2025, staying within the central bank's target for the second month.
Monthly inflation increased by 0.06%, mainly due to price surges in serrano chilies (+34.94%) and green tomatoes (+16.71%).
Core inflation reached 4.23% year-over-year, reflecting ongoing price pressures.
The Finance Ministry's 2026 budget projects year-end inflation at 3%, consistent with the Bank of Mexico's target.
The central bank may lower rates to 7.5% at its September 25 meeting, influenced by high-interest rate differentials with the U.S.

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Story summary

Mexico's consumer prices rose 3.57% in August 2025, staying within the central bank's target for the second month.
Monthly inflation increased by 0.06%, mainly due to price surges in serrano chilies (+34.94%) and green tomatoes (+16.71%).
Core inflation reached 4.23% year-over-year, reflecting ongoing price pressures.
The Finance Ministry's 2026 budget projects year-end inflation at 3%, consistent with the Bank of Mexico's target.
The central bank may lower rates to 7.5% at its September 25 meeting, influenced by high-interest rate differentials with the U.S.