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Analysts tick up Mexico inflation forecasts

ReutersFeb 3, 2026 3:31 PM

- Private-sector analysts polled by Mexico's central bank expect slightly higher inflation at the end of this year and next compared to the previous month's poll, the bank said on Tuesday.

They now expect headline inflation to wrap up this year at 3.95%, up from 3.88% previously, with core inflation seen closing up to 4.11% from 3.90% before.

Analysts also slightly boosted their forecast for the nation's economic growth for this year while lowering their outlook for next year.

Analysts also expect Mexico's peso currency to close the year at 18.50 per U.S. dollar, much stronger than their previous expectation of 19.23 per dollar.

December

January

Inflation, end year pct

2026

3.88

3.95

2027

3.70

3.73

Core inflation, end year

2026

3.90

4.11

2027

3.75

3.75

Economic growth, annual pct

2026

1.15

1.30

2027

1.85

1.80

Peso-dollar rate, end yr

2026

19.23

18.50

2027

19.45

19.00

Interbank lending rate

2026

6.50

6.50

2027

6.50

6.50

The survey of 41 analysts was taken between January 15-27. The values shown are medians.

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