Mexico’s inflation accelerated more than expected in February, as policymakers doubled the pace of interest rate cuts and uncertainty over trade relations with the US started to hit the economy.Consumer prices rose 3.
Mexico's annual headline inflation rate increased in February compared to January, ending a three-month streak of declines.
MEXICO CITY--Mexico's inflation rose in February from the previous month, while the closely watched core index held steady, keeping open expectations for the central bank to cut interest rates by another half percentage point this month.
Inflation in Mexico is expected to have moved higher in February with a moderate decline in fresh fruit and vegetable prices and monthly increases in core goods and services. The consumer price index is expected to have risen 0.
President Donald Trump's across-the-board tariffs on goods from Mexico have not only left President Claudia Sheinbaum politically unscathed from likely economic damage but may strengthen her hand as Mexicans rally against perceived unfair treatment.
Trump officials remain on course to hit Canada and Mexico with 25% tariffs on March 4, with a wave of other levies ready to roll.
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