FX.co ★ Mexico’s Annual Inflation Eases to 3.94% in May, Moving Closer to Target

Mexico’s consumer price inflation slowed in May 2026, with the year-over-year Consumer Price Index (CPI) easing to 3.94%, down from 4.45% in April 2026. The latest data, updated on 09 June 2026, shows inflation continuing to decelerate on an annual basis.

Both the April and May readings compare prices to the same months a year earlier, indicating that price pressures in Mexico are moderating over time. The May print below 4% suggests that inflation is moving closer to levels generally considered more consistent with price stability, after remaining higher in previous months.

The continued decline in annual CPI may influence expectations for monetary policy and financial markets, as investors and policymakers assess whether easing inflation will allow for a less restrictive policy stance going forward.