London, Wednesday, 6 April 2022
In March 2022, Mexico's annual inflation rate increased to 7.45 percent, up from 7.28 percent in February and beyond market predictions of 7.36 percent.
It was the highest level since January 2001, as goods prices climbed faster (8.69 percent vs. 6.59 percent in February), especially food, beverages, and tobacco (10.08 percent vs. 9.4 percent), while services prices remained stable (at 4.62 percent).
From 6.59 percent in February, the core inflation rate jumped to 6.78 percent, the highest since June 2001. Consumer prices grew 0.99 percent on a monthly basis, above market expectations of 0.9 percent and increasing from 0.83 percent the previous month.
(Source: Instituto Nacional de Estadística y Geografía (INEGI) // Edited by: The Decision Maker)