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Analysts narrow Mexico year-end inflation forecast

ReutersNov 3, 2025 3:58 PM

- Private sector analysts polled by Mexico's central bank lowered their expectations for annual headline inflation and see the rate finishing 2025 at 3.78%, a touch below their forecast a month earlier.

Analysts maintained their forecast for the nation's economic growth and expect on average that gross domestic product will expand 0.5% this year. They had gradually ticked up forecasts since May when they predicted growth of 0.18%.

Analysts also expect Mexico's peso currency to close the year at 18.81 pesos per dollar, stronger than their previous estimate but nevertheless predicting that the peso will ultimately end the year weaker than its current level.

October

September

Inflation, end year pct

2025

3.78

3.85

2026

3.81

3.80

Core inflation, end year

2025

4.22

4.18

2026

3.80

3.78

Economic growth, annual pct

2025

0.50

0.50

2026

1.40

1.35

Peso-dollar rate, end yr

2025

18.81

19.01

2026

19.50

19.80

Interbank lending rate

2025

7.00

7.00

2026

6.50

6.50

The survey of 42 analysts was taken between October 15-30. The values shown are medians.

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