ILE PHOTO: Shoppers wait in line to pay for purchases in Mexico City, Mexico, November 10, 2020. REUTERS/Henry RomeroREUTERS
MEXICO CITY (REUTERS) – Mexican annual inflation accelerated to its highest rate in four months in February due to a rise in energy costs, but stayed within the central bank’s target range, data from the national statistics agency (INEGI) showed on Tuesday.
Consumer prices rose by 3.76% in the year through February, beating the consensus forecast of a Reuters poll for a reading of 3.72%. Inflation, which stood at 3.54% a month earlier, quickened to its highest level since reaching 4.09% in October.
The Bank of Mexico targets a rate of 3% with a one percentage point tolerance threshold above and below that figure.
The uptick in inflation may add weight to the view among some analysts who believe the Mexican central bank should pause its rate-cutting cycle when it meets for its next monetary policy decision.
Compared with the previous month, consumer prices rose 0.63 percent in February. A rise of 0.59% had been forecast in the poll.
The core index, which strips out some volatile items, rose 0.39% from January. The annual core inflation rate ticked up to 3.87%, slightly above the forecast figure.
Source: Reuters
Comments
more recommended stories
Chunhuhub and Chicanná archaeological zones reopen in CampecheThe capacity is restricted to 30%,.
Yukalpetén Typical Orchestra began in-person concert seasonMérida, Yucatán, (August 3, 2021).- The.
Trump didn’t spend ‘a single penny’ in the first half of 2021 to fulfill two big fundraising promisesFormer President Donald Trump raised more money online.
Mexican Army locates a “narco tunnel” in Mexicali, Baja CaliforniaMEXICO, (August 03, 2021) .- Agents.
Mexico Olympic soccer team losses against powerful Brazil in penalty kicksIn an effort to keep the.
Merida man drowns in Celestun beachCelestun, Yucatán, (August 03, 2021) .-.
SSY reveals that suicide in Yucatan increases 25 percent this yearMérida, Yucatán, (August 03, 2021).- A.
Mexican government will buy Sig Sauer automatic rifles from the U.S.WASHINGTON D.C. (Reuters) – The small.
77,400 doses arrive in Yucatan for the vaccination of people between 18 and 29Mérida, Yucatán, (August 03, 2021) .-.
Yucatecan Rommel Pacheco ends his Olympic career with sixth place in TokyoHis last execution, of 96.90 points,.
Leave a Comment