FX.co ★ Mexico’s Annual Inflation Edges Up to 3.26% in August, Halting Recent Cooling Trend

Mexico’s consumer price growth picked up slightly in August 2026, with the year-over-year Consumer Price Index (CPI) rising to 3.26%, up from 3.12% in July 2026. The latest data, updated on 9 September 2026, indicate a modest acceleration in inflation after a period of easing.

On a year-over-year basis, the August reading shows that price increases were somewhat stronger than in the previous month when measured against the same period a year earlier. In July, CPI growth of 3.12% had pointed to a cooling trend, but the August figure suggests renewed, if limited, inflationary pressure.

The year-over-year comparison framework means that both the July and August indicators are measured against their respective months in the previous year, offering a consistent view of how consumer prices are evolving over time in Mexico’s economy.