Inflation & Prices
Mexico Inflation Undershoots Forecasts, Putting Rate Cut in Play
- Annual inflation hit 4.42% in March, core inflation at 4.55%
- After quarter-point rate cut, bank is cautious on more easing
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Mexico’s headline inflation sped up less than expected last month, bolstering economists’ bets that the central bank could deliver another interest cut as soon as May.
Official data show consumer prices increased 4.42% in March from a year before, below the median estimate of 4.5% from analysts surveyed by Bloomberg. Monthly inflation hit 0.29%