Skip to content
Subscriber Only

Mexico Consumer Prices Increased Less Than Forecast in February

  • Annual inflation rate of 2.87% remains below central bank goal
  • Banxico lifted key rate last month after peso’s drop to record

Mexico’s consumer prices rose less than expected in February, keeping the annual inflation rate below the central bank’s goal.

Prices increased 0.44 percent from a month earlier, the national statistics institute said on its website Wednesday. The median forecast of 22 analysts surveyed by Bloomberg was for an increase of 0.49 percent. From a year earlier, prices rose 2.87 percent, compared with 2.61 percent in January. Banco de Mexico targets inflation of 3 percent.