Mexico's inflation slows more than expected in June

MEXICO CITY - Mexico's annual inflation rate decelerated for the third consecutive month in June, official data showed on Thursday, settling into the central bank's target range.

Mexican consumer prices rose 3.37% in the year through June, the national statistics agency said, down from a 3.94% increase the prior month and easing more than economists' forecasts in a Reuters poll that expected a 3.52% increase.

Mexico's annual core rate stood at 4.03%, slightly above Mexico's central bank target range of 3%, plus or minus a percentage point.

In June alone, consumer prices fell 0.27%, according to non-seasonally adjusted figures, compared with economists' expectations of a 0.13% decline.

The closely watched core index, which strips out some volatile food and energy prices, rose 0.24% during the month, below a 0.31% market forecast.

(Reporting by Aida Pelaez-Fernandez and Michael Susin; Editing by Chizu Nomiyama )

Copyright Reuters or USA Today Network via Reuters Connect.

This story was originally published July 9, 2026 at 7:27 AM.