Mexico Inflation Rate Lowest in a Year

Consumer prices in Mexico increased 5.34 percent year-on-year in February of 2018, slightly below a 5.55 percent rise in January and market expectations of 5.37 percent. It is the lowest inflation rate in a year when it was 4.86 percent. The central bank targets inflation at 3 percent with a one percentage point tolerance zone on each side. It expects inflation to converge to 3 percent by the end of 2018.

Inflation edged down slightly for housing (2.55 percent compared to 2.62 percent) and food, drinks and tobacco (5.97  percent compared to 6.5 percent). On the other hand, prices rose more for energy (8.2 percent compared to 7 percent) and education (4.83 percent compared to 4.69 percent).

On a monthly basis, consumer prices increased 0.38 percent, below 0.58 percent in January and forecasts of 0.41 percent. 

The core index, which strips out some volatile food and energy prices rose 0.49 percent during the month (0.28 percent in January) and 4.27 percent year-on-year (4.56 percent in January).

Mexico Inflation Rate Lowest in a Year

INEGI | Joana Taborda |
3/8/2018 2:21:13 PM