Introduction to the Basic Basket and Inflation Index
During the first half of September 2025, Mexico’s basic consumption basket recorded a 3.71% inflation rate compared to the same period in the previous year, mirroring the trend of the overall inflation rate, which stood at 3.74%.
The Índice de Precios de la Canasta de Consumo Mínimo (IPCCM) tracks the price evolution of 170 products and services that make up the basic food consumption basket and the extended basic consumption basket, crucial for Mexican households.
According to data from the Inegi (National Institute of Statistics and Geography), the interannual inflation rates for this basic basket align with the general rate of 3.74% during this period.
Short-term Price Changes
In the immediate analysis, the basic consumption basket saw a 0.24% increase in prices during the first half of September compared to the preceding quincena.
The price levels of this minimal basket significantly impact vulnerable socioeconomic households in Mexico, as they allocate a larger portion of their income to cover basic needs.
General Inflation and Key Products
With an interannual inflation rate of 3.74% in this period, another quincena was added with levels aligned with the Banco de México’s monetary policy objective (3% +/- one percentage point).
Among the products and services that experienced significant price increases and exerted pressure on the INPC (Índice Nacional de Precios al Consumidor) were private education (measured by private school tuition costs) and some food items.
Top 10 Generics with Greatest Influence
- Preescolar: +5.89%
- Primaria: +5.75%
- Secundaria: +5.48%
- Preparatoria: +2.71%
- Universidad: +1.63%
- Carne de pollo: +0.50%
- Alimentos preparados: +0.48%
- Carne de res: +0.43%
- Comida en loncherías, taquerías, torterías y fondas: +0.20%
- Vivienda propia: -0.11%
Top 10 Products with Price Decreases
- Servicios profesionales: -15.31%
- Aguacate: -5.94%
- Lechuga y col: -5.01%
- Naranja: -4.66%
- Papa y otros tubérculos: -4.29%
- Transporte aéreo (vuelos): -3.37%
- Tequila: -2.80%
- Jitomate: -1.40%
- Huevo: -0.66%
- Gas doméstico LP: -0.52%
Key Questions and Answers
- What is the IPCCM? The IPCCM, or Índice de Precios de la Canasta de Consumo Mínimo, is an index that tracks the price evolution of 170 products and services in Mexico’s basic consumption basket.
- Why is the basic basket important? The price levels of this minimal basket significantly impact vulnerable socioeconomic households in Mexico, as they allocate a larger portion of their income to cover basic needs.
- What products had the greatest price increases? Private education (private school tuition) and some food items, such as chicken, prepared foods, beef, and dining out at loncherías, taquerías, torterías, and fondas, experienced notable price increases.
- What products had the greatest price decreases? Professional services, avocado, lettuce and collard greens, oranges, potatoes and other tubers, air travel, tequila, tomatoes, eggs, and domestic LP gas saw price decreases.
