In the first half of February 2025, inflation in Mexico recorded an annual increase of 3.74%, according to data from the National Institute of Statistics and Geography (INEGI).
After six consecutive fortnights of decline, inflation rebounded. The rate remains above the Bank of Mexico's (3%) target.
Breakdown of Inflation
Core inflation, which excludes highly volatile products, also showed a slight increase, standing at 3.63% annually. This component reflects the more persistent inflationary pressures in the economy.
The increase in inflation makes regular consumer goods and services more expensive. This impacts purchasing power and family budgets.
External and Internal Factors
The Mexican economy faces additional challenges due to international trade policies.
The United States imposed a 25% tariff on Mexican steel and aluminum exports. This measure will affect key sectors such as automotive and manufacturing.
This measure, which will take effect on March 12, aims to curb the alleged triangulation of exports from China through Mexico and Canada to the United States.
