FX.co ★ Mexico’s Annual Inflation Cools Further in July, CPI Slips to 3.12%

Mexico’s consumer price inflation eased in July 2026, with the year-over-year Consumer Price Index (CPI) slowing to 3.12%, down from 3.37% in June 2026. The latest data, updated on 7 August 2026, indicate a continued moderation in price pressures compared with the same period a year earlier.

Both the June and July readings are calculated on a year-over-year basis, measuring how prices in each respective month compare to the same month of the previous year. The decline from June’s 3.37% to July’s 3.12% suggests that inflationary momentum has been losing steam, potentially easing pressure on Mexican households and influencing future monetary policy discussions.