# Consumer prices rose 4.59% in the year through March, accelerating from 4.02% the previous month.

*business · news · 2026-04-09 · MarketScreener*

## Key points

- Mexico's March inflation rose to 4.59%, its highest level since October 2024.
- Banxico's March rate cut was decided by a narrow 3-2 vote, revealing deep board divisions.
- Dissenting board members cited Middle East conflict and oil price volatility as inflation risks.
- The majority argued Mexico's economic slack would buffer inflation from external shocks.
- Core inflation decelerated to 4.45%, suggesting underlying pressures may be easing.

**Countries:** Mexico, United States, Israel, Iran

[Read the full story on MarketScreener](https://www.marketscreener.com/news/mexico-inflation-spikes-in-march-fueling-debate-within-divided-central-bank-ce7e50d8db8eff27)

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