Mexico: Inflation holds steady in March
Latest reading: Inflation was stable at February’s 3.8% in March, within the Central Bank’s 2.0%–4.0% target range and in line with market expectations. March saw rising prices for food, beverages and tobacco and housing offset by lower housing price pressures.
Annual average inflation edged down to 4.5% in March (February: 4.6%). Meanwhile, core inflation was steady, coming in at February’s 3.6% in March.
Finally, consumer prices increased 0.31% from the previous month in March, picking up from February’s 0.28% rise.