Higher prices for meat and eggs drove a 0.15% increase in the headline inflation rate between late January and mid-February. The post Inflation sees modest rise in February, but remains within Banxico’s target range appeared first on Mexico News Daily
Inflation in Mexico rose modestly in early February, with headline inflation reaching 3.74% and core inflation at 3.63%, both within Banxico's target range of 2% to 4%. Services and egg prices, driven by US bird flu, contributed to the increase, while fruits and vegetables saw a decline. The central bank may consider further interest rate cuts.
