Impact inflation on household consumption by income Mexico

Low income Mexican households were the most affected by inflation. According to the source, the annual inflation rate of the representative consumer basket of households with low income experienced the largest increase in July 2023: 7.09 percent compared to the same month of the previous year. By contrast, the market basket of high income households (those that earn, on average, a monthly income of 54,427 Mexican pesos) registered an inflation rate of 5.64 percent.

Impact of inflation on the consumer basket in Mexico in July 2023, by household's income group (compared to the same month of the previous year)

Characteristic	Annual inflation rate of the consumer basket
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Release date

2023

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Region

Mexico

Survey time period

July 2023

Supplementary notes

Taking 2020 as reference, the average household monthly income for the different groups (which correspond to the income deciles 1, 5 and 10) are:
Low income: 3,313 Mexican pesos.
Medium income: 11,122 Mexican pesos.
High income: 54,427 Mexican pesos.

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