Economics
Mexico Inflation Accelerates to Highest Annual Rate Since August
- Prices quickened to 3.52% annually in early February vs. 3.29%
- Central bank forecast to reduce interest rate again in March
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Mexico’s annual inflation rate accelerated to the highest level in six months in early February, suggesting that the central bank will remain cautious in lowering one of the most restrictive key interest rates in the world.
Consumer prices rose 3.52% from the previous year, the nation’s statistics agency reported Monday, less than the 3.56% median forecast in a Bloomberg survey of economists. Prices increased 0.12% from the previous two weeks. Mexico’s central bank targets inflation at 3%, plus or minus one percentage point.