Mexico: Inflation picks up in March from February
Latest reading: Consumer prices increased 4.6% on a year-on-year basis in March, following a 4.0% increase in the prior month. March’s reading was the strongest since October 2024 and above the Central Bank’s 2.0%–4.0% target range.
Relative to the previous month’s data, there were higher price pressures for food, beverages and tobacco (+6.9% in annual terms vs +5.6% in February), housing (+3.0% vs +2.7% in February) and transportation (+2.7% vs +1.5% in February). In contrast, price pressures reduced for education and recreation in March (+3.3% vs +3.9% in February). Finally, the change in clothing, footwear and accessories prices was the same as in the prior month (+2.7% in March and February).
Meanwhile, core consumer prices rose 4.4% in annual terms in March, following a 4.5% increase in the previous month.
Finally, consumer prices increased 0.86% in March in month-on-month terms, following a 0.50% rise in the prior month.