Mexico: food inflation rate 2018-2026

Mexico's food inflation rate saw an increase of three percent in January 2026 compared to the same month the previous year. This uptick in food prices continues to impact Mexican households, with the food sector consistently ranking among the categories with the highest inflation rates in the country. The volatility in food prices highlights the ongoing challenges in maintaining stable costs for essential goods in Mexico's economy.

Consumer price index trends

The Consumer Price Index (CPI) for food in Mexico reached 162.67 in January 2026, up from 157.93 in the same month of the previous year. This increase aligns with the overall inflation trend, as the National Consumer Price Index stood at 136 index points in July 2024. Notably, the food, beverages, and tobacco category had the highest CPI, underscoring the significant impact of food prices on overall inflation.

Cereal and cereal product trends

Within the food category, different items experienced varying levels of inflation. In May 2025, cereals and cereal based products saw a three percent increase compared to the previous year, while rice prices grew by five percent. Interestingly, corn tortillas, a staple in Mexican cuisine, experienced a more modest inflation rate of 1.6 percent.