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.