FX.co ★ Mexico’s Mid-July Inflation Rebounds as 1st Half-Month CPI Turns Positive

Mexico’s inflation showed a modest rebound in early July, with the 1st half-month Consumer Price Index (CPI) rising 0.07% in July 2026, after having registered a decline of -0.11% in the first half of June 2026.

The latest data, updated on 23 July 2026, indicate that price pressures have inched back into positive territory after the brief deflationary reading in June. While the move is small in absolute terms, the shift from negative to positive monthly inflation suggests that some categories of goods and services are once again experiencing upward price adjustments.

Market participants and policymakers will be watching subsequent CPI readings closely to determine whether this early-July uptick marks the start of a renewed inflationary trend or a temporary normalization following June’s unusual dip.