Inflation & Prices
Mexico Inflation Eases Past Economists’ Forecast as Interest Rate Hikes Near End
- Central bankers slowed pace of tightening cycle last week
- Headline inflation eased to 6.85%, below 6.89% median forecast
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Mexico’s headline inflation slowed more than expected in March, potentially moving the central bank closer to ending a tightening cycle that has added 725 basis points to the country’s interest rate.
Consumer prices rose 6.85% from a year prior, less than the previous month’s reading of 7.62%, the national statistics institute reported Wednesday. The reading was below the 6.89% median estimate of economists surveyed by Bloomberg.