Mexico city at goldenhour

Mexico Inflation March 2020

Mexico: Inflation eases from seven-month high in March

Consumer prices slipped 0.05% from the previous month in March, following the 0.42% month-on-month increase logged in February. According to the Statistical Institute (INEGI), March’s reading largely reflected lower energy prices more than offsetting higher prices for food and non-alcoholic beverages.

Inflation dropped to 3.2% in March from 3.7% in February which had marked a seven-month high, thus landing slightly above the midpoint of Banxico’s target range of 2.0%–4.0%. Meanwhile, annual average inflation held steady at 3.5% for the third month in a row in March.

Core consumer prices, which exclude volatile food and energy prices, rose 0.29% over the previous month in March, down from February’s 0.36% increase. As for core inflation, it remained stable at 3.7%.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest