Mexico annual inflation likely accelerated in January after tax and wage increases

Economists expect Mexican inflation to hit 3.82 percent after taxes on cigarettes and sugary drinks rose. This trend supports the central bank's rate pause.

A Reuters survey released on February 6, 2026, suggests that annual inflation in Mexico MXMX likely accelerated in January. This projected increase reinforces the decision by the central bank to pause its monetary easing cycle, as price pressures have remained persistent throughout the start of the year.
The likely acceleration in prices follows the implementation of several fiscal measures by the Mexican government that took effect in January. These include tax increases on cigarettes and sugary drinks, a significant minimum wage increase, and the introduction of higher tariffs on imports from China CNCN and other mostly Asian nations. The timing of the Reuters survey highlights the immediate impact of these policy changes on inflationary expectations.
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