Prices and the policy rate

Inflation against Banxico's target

Consumer prices, yearly average change, percent, 2014 to 2025; the band is the 3% target plus or minus one point

The yearly average was 3.8% in 2025. The tiles above are a single period each, a twelve-month change and a rate decision, so they are not points on this line. Banxico's target applies to the twelve-month rate at every reading; the yearly average shown here smooths it.