Mexico Inflation Rate Eases Slightly to 3.67% in Early March
Mexico's annual inflation eased slightly to 3.67% in early March, down from 3.74%. Core inflation also moderated to 3.56%. Despite the dip, both figures remain above the central bank's 3% target, with year-end core inflation expectations rising.
Mexico's annual inflation rate registered a slight moderation in the first half of March, offering a degree of respite but underscoring the persistent challenge facing the central bank as price pressures remain elevated.
Headline inflation eased to 3.67 per cent year-on-year, down from 3.74 per cent recorded at the end of February, according to data released Monday by the national statistics agency, Inegi. While the figure marks a deceleration and is the lowest rate since the latter half of January (3.48 per cent, according to Grupo Financiero Base), it remains stubbornly above the Banco de México's (Banxico) official 3 per cent target, plus or minus one percentage point.
