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Consumer prices rose 4.59% in the year through March, accelerating from 4.02% the previous month.
Mexico's March inflation rose to 4.59%, its highest level since October 2024.
KEY POINTS
- 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.
COMPANIES
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