Mexico: Inflation hits highest level since December 2018 in March
Consumer prices increased 0.83% over the previous month in March, accelerating from February’s 0.63% rise. The figure was largely due to rising prices for food, beverages and tobacco. In addition, price pressures for housing increased at a faster rate, while prices for education and recreation gained steam.
Inflation rose to 4.7% in March from February’s 3.8%, moving further above the Central Bank’s 3.0% target. March’s figure represented the highest inflation rate since December 2018. Annual average inflation edged up to 3.5% in March (February: 3.4%). Lastly, core inflation ticked up to 4.1% from February’s 3.9%.