*Mexico’s national statistics institute (Inegi) has released the consumer price index (INPC) for February, reporting a monthly inflation rate of 0.28%, down from 0.29% in January. This brings the annual headline inflation rate to 3.77%, up from 3.59% in February, and above the 3.75% median estimate of analysts surveyed by Bloomberg. Bloomberg attributes the fact that Mexico’s inflation accelerated more than expected to policymakers doubling “the pace of interest rate cuts and uncertainty over trade relations with the US [which has] started to hit the economy.” Core inflation, which excludes volatile items like food and fuel, rose by 0.48% on a monthly basis, up from 0.41% in January.
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