Mexico’s inflation accelerated more than expected in February, as policymakers doubled the pace of interest rate cuts and uncertainty over trade relations with the US started to hit the economy.Consumer prices rose 3.
Mexico's annual headline inflation rate increased in February compared to January, ending a three-month streak of declines.
Mexico’s annual inflation accelerated roughly in line with economists’ forecasts in early February, holding near the central bank’s estimates and keeping chances of a sixth straight interest rate cut in play.
MEXICO CITY--Mexico's inflation rose in February from the previous month, while the closely watched core index held steady, keeping open expectations for the central bank to cut interest rates by another half percentage point this month.
Inflation in Mexico is expected to have moved higher in February with a moderate decline in fresh fruit and vegetable prices and monthly increases in core goods and services. The consumer price index is expected to have risen 0.
Experts are expressing concern that steep new U.S. tariffs primed to take effect on March 4, along with planned levies on other trading partners, could fan inflation and slow the nation's growth ...