Mexico inflation quickens in February to highest since October

The Bank of Mexico targets a rate of 3% with a one percentage point plus or minus tolerance threshold.

RIO DE JANEIRO, BRAZIL - 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, March 9th.

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, rose to its highest level since reaching 4.09% in October.

The Bank of Mexico targets a rate of 3% with . . .

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