Inflation moderates to 3.63% in the first half of October

The inflation data presented a slight decrease compared to the same period in 2024, when it was 4.69 percent.

Mexico City, October 23 (However).- The inflation in Mexico stood at 3.63 percent annually during the first quincena of Octoberaccording to the National Institute of Statistics and Geography (Inegi). This result shows a decrease compared to the same period in 2024, when the annual indicator was 4.69 percent.

In his account of Institute reported that the National Consumer Price Index (INPC)which measures the average change in the prices of a basket of goods and services consumed by the country’s households, stood at 141,608 points, which represented an increase of 0.28 percent compared to the previous fortnight.

By components, annual inflation was 4.24 percent in the underlying index, which excludes goods and services with high volatility, and 1.58 percent in the non-core index. At a biweekly rate, the underlying increased 0.18 percent, driven mainly by services (0.26 percent) and merchandise (0.09 percent).

The non-core rose 0.64 percent, although its annual variation was lower, due to a 1.27 percent drop in fruits and vegetables, and a 1.79 percent rise in energy and tariffs authorized by the Government.

In the first half of October 2025, the National Consumer Price Index #INPC It presented a level of 141,608 and represented an increase of 0.28% compared to the previous fortnight. With this result, general annual inflation was 3.63%.

By component, annual inflation… pic.twitter.com/bb4s8bvJy6

— INEGI INFORMA (@INEGI_INFORMA) October 23, 2025

What products went up and down in price?

Among the products with the greatest increases in prices, the following stand out:

• Electricity: 17.65 percent
• Air transport: 11.59 percent
• Tourist services in package: 7.06 percent
• Onion: 5.26 percent
• Professional services: 6.00 percent
• Loncherías, inns and taquerias: 0.24 percent

The increase in electricity is attributed to the end of the summer rate subsidy in 18 cities in the country, which caused an increase of 17.65 percent, the highest of the period.

In contrast, several fresh foods recorded significant drops in their costs, which contributed to containing the non-core component, which had shown greater volatility in previous months.

• Tomato: 6.95 percent
• Avocado: 5.91 percent
• Orange: 6.30 percent
• Tomato: 3.34 percent
• Egg: 2.13 percent
• Chicken: 0.95 percent

Good morning. According to the results of the National Consumer Price Index #INPCin the first half of October 2025, the #inflation annual general was 3.63%.

By component, annual inflation was:

4.24% Underlying

1.58% Non-Underlying

(1/2) pic.twitter.com/n4VDhT6iue

— Graciela Márquez Colín (@GMarquezColin) October 23, 2025

The economist Graciela Márquez Colín also shared in X that the products with the greatest impact on annual inflation were lunch shops, electricity and own housing.

What was the variation by entity?

At the regional level, Tabasco, Yucatán and Nuevo León presented the greatest biweekly variations, while Michoacán, State of Mexico (Edomex) and Hidalgo showed reductions.

The entities with the largest biweekly increases were:

• Tabasco: 2.21 percent
• Yucatan: 1.69 percent
• Nuevo León: 1.19 percent

While those that registered reductions were:

• Michoacán: 0.21 percent
• State of Mexico: 0.14 percent
• Hidalgo: 0.04 percent

Meanwhile, the Consumer Price Index of the Minimum Consumption Basket (IPCCCM), which tracks 170 essential goods and services, registered an increase of 0.31 percent fortnightly and 3.70 percent annually.

inpc_1q2025_10

Although general inflation shows a downward trend, increases in basic services such as electricity and air transportation can directly impact family spending. On the other hand, the decrease in fruits and vegetables represents a temporary relief in everyday consumption products.