INSUBCONTINENT EXCLUSIVE:
Geography (INEGI) reported Friday
0.28% month-over-month in February, compared to 0.09% in the same month last year
Core inflation, which excludes volatile food and energy prices, held steady at 3.65%, down slightly from 3.66% in January.Prices for goods
Service costs showed marginal improvement, easing to 4.64% from 4.69%
Agricultural product prices helped moderate overall inflation, with tomato prices falling 29.12% and onion prices dropping 14.17%.Mexican
Inflation Ticks Up to 3.77% in February as Rate Cut Looms
(Photo Internet reproduction)The Bank of Mexico cut its benchmark interest rate by half a percentage point to 9.5% on February 6
at Banco Base, predicts Banxico will continue lowering rates throughout 2025
Financial institutions have adjusted their outlooks for 2025
BBVA projects general inflation will reach 3.2% by year-end, with core inflation at 3.4%.Mexican Inflation Ticks Up to 3.77% in February as
Rate Cut LoomsThe inflation data arrives amid economic headwinds
Growth forecasts for Mexico have been revised downward to approximately 1% for 2025, reflecting weakening economic activity and labor market
concerns.Donald Trump announced yesterday the suspension of planned 25% tariffs on Mexican imports until early April
cycle.Banxico expects inflation to converge to its 3.0% target by the third quarter of 2026, allowing for continued gradual monetary policy
