Mexico Core Inflation (12-Month)

## What this measures

Inflation excluding the most volatile items (agricultural goods, energy and government-set prices).

## Why it matters

Banxico watches it as the read on underlying price pressure.

## How to read it

Core above 3.5% keeps Banxico cautious about cutting rates.

## What it does not say

Excluded items still matter to household budgets.

## Source

Fuente: INEGI, INPC subyacente, inflación anual, indicator 910407 (Banco de Información Económica, via the INEGI Indicadores API). Palanor reads it every day.

Used under INEGI's Términos de libre uso de la información. Any calculation shown alongside it is Palanor's, not INEGI's, and does not represent an official INEGI position.