Inflation & Prices
Mexico Inflation Undershoots Forecasts, Giving Banxico Space
- February inflation was 7.62% y/y, compared to est. 7.68%
- Core inflation has decelerated, but concerns still remain
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Mexico’s inflation decelerated more than expected in February, suggesting that the central bank may have some room for policy maneuver at this month’s interest-rate-setting meeting.
Consumer prices rose 7.62% in February in comparison to a year earlier, down from 7.91% in January, the national statistics institute reported Thursday. The reading was lower than the 7.68% median estimate of economists surveyed by Bloomberg.