Mexico: Inflation comes in at highest level since January 2001 in March
Consumer prices increased 0.99% over the previous month in March, picking up from the 0.83% rise recorded in February. The result was driven by rising prices for food, beverages and tobacco and housing.
Inflation came in at 7.5% in March, up from February’s 7.3% and well above the Central Bank’s 2.0%–4.0% target range. March’s figure represented the highest inflation rate since January 2001. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 6.5% in March (February: 6.3%). Lastly, core inflation rose to 6.8% in March, from February’s 6.6%.