Mexico Quarterly Inflation Report

This report previews Mexico's upcoming Quarterly Inflation Report, forecasting a downgrade to 2026 growth outlooks while inflation targets remain unchanged. It also provides a regional economic calendar for Brazil and Chile.

Key Takeaways

• 1.Mexico's Central Bank is expected to downgrade its 2026 growth forecast following a weak 1Q2026 GDP print of 0.2% yoy.
• 2.Inflation forecasts for end-2026 are expected to remain at 3.5% for headline and 3.4% for core, with a return to target by 2Q2027.
• 3.A slowing labor market and increased slack in the goods market could provide room for further monetary easing in late 2026.

Table of Contents

• Mexico QIR Likely Reiterate Rosy 2026/27 Inflation Forecasts and to Downgrade the 2026 Growth Outlook
• DATA NEXT WEEK
• Disclosure Appendix
• Global product; distributing entities
• General disclosures

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