Catch up on Mexico news today with key updates on inflation, Pemex restructuring, political violence, FDI records and more from May 22–23, 2025.
Welcome to your daily Mexico news today update for May 23, 2025, where we bring you the nine most important developments from across the country over the past 24 hours. From a surprising uptick in inflation and a landmark U.S. ruling against a former security minister, to sweeping protests in Mexico City and record-breaking foreign investment, our round-up covers the economic indicators, political battles, security challenges, social movements and even sports highlights shaping Mexico’s national conversation right now. Read on for everything you need to know to stay informed today.
Inflation Surges Past Central Bank Target
Mexico’s annual inflation rate climbed to 4.22% in the first half of May, surpassing the Bank of Mexico’s target range of 3% ±1% for the first time this year. Core inflation, which strips out volatile food and energy prices, rose 0.16%, marking its highest annual pace since August 2024. This uptick follows three consecutive interest-rate cuts by the central bank and may force policymakers to pause further easing to ensure price stability.
Peso Steadies at 19.37 per U.S. Dollar
On May 22, the U.S. dollar traded at roughly 19.37 pesos, reflecting a modest recovery for the peso ahead of key economic data releases later this week. Traders are eyeing upcoming retail sales and GDP figures, which could spur volatility in currency markets as investors reassess the outlook for Mexican monetary policy.
Pemex Plans Major Restructuring
State-owned oil giant Petróleos Mexicanos (Pemex) is moving forward with a business overhaul aimed at cutting costs and reducing its debt. Internal documents from May reveal proposals to lay off over 3,000 tenured employees, potentially saving more than 10.5 billion pesos ($543 million). The restructuring is part of President Sheinbaum’s strategy to stabilize Pemex finances and curb the heavy subsidies that have weighed on federal budgets.
Ex-Security Chief Ordered to Pay $2.4 Billion
A U.S. federal court has ruled that Genaro García Luna—Mexico’s former public security minister under President Felipe Calderón—and his wife must pay over $2.4 billion to the Mexican government in a civil suit alleging corruption and money laundering. García Luna, currently incarcerated in the U.S., was convicted last year of taking cartel bribes during his tenure, and this decision marks a significant legal victory for Mexico in reclaiming illicit gains.
Political Violence Hits Mexico City
In a brazen daytime attack, two of Mayor Clara Brugada’s top aides—her private secretary Ximena Guzmán and adviser José Muñoz—were ambushed and shot dead by gunmen on a motorcycle in downtown Mexico City. The killings have sent shockwaves through the capital and underscored the reach of organized crime even in areas perceived as secure. President Claudia Sheinbaum and Mayor Brugada vowed that there will be no impunity for the perpetrators.
Teacher Protests Disrupt Capital Traffic
The Coordinadora Nacional de Trabajadores de la Educación (CNTE) sustained its nationwide strike on May 22, setting up blockades at strategic points across Mexico City. Protesters targeted Calzada de La Viga, Calzada de Tlalpan and Paseo de la Reforma, demanding the repeal of the 2007 ISSSTE pension law and the 2019 education reform. Confrontations near the Zócalo led authorities to alter the format of the presidential morning briefing.
Record-High Foreign Investment in Q1
Foreign direct investment (FDI) into Mexico hit a record US$21.4 billion in the first quarter of 2025, up 5.4% from the same period last year. Manufacturing and energy projects accounted for the lion’s share of inflows, bolstered by nearshoring trends and major infrastructure deals. Economists say the strong start to the year highlights continued investor confidence despite domestic challenges.
Mass Animal Evacuation from Sinaloa Sanctuary
Ostok Sanctuary in Sinaloa successfully relocated about 700 exotic animals—including elephants, tigers and lions—to a new refuge in Mazatlán after months of cartel-related threats and armed attacks. The 140-mile evacuation, organized by wildlife experts and local authorities, represents one of Mexico’s largest emergency animal relocations and underscores the security risks faced by conservation efforts in conflict-affected regions.
Toluca Holds América in Final First Leg
In the first leg of the Liga MX Clausura final at Estadio Ciudad de los Deportes, Toluca managed a 0–0 draw against Club América. América dominated possession but couldn’t convert chances, with Toluca goalkeeper Luis Manuel García and his defense holding firm. The championship decider returns to Nemesio Díez Stadium on May 26, where either team can lift the title.
These developments offer a snapshot of Mexico’s evolving economic landscape, security challenges and social dynamics as the country heads into the weekend. Stay tuned for updates as these stories continue to unfold.