Mexico Inflation Jumps to 4.63%, Complicating Rate Cut

2026-03-24 - 18:10

Key Points — Mexico inflation surged to 4.63% in early March, well above the 4.02% recorded in February and nearly double the market expectation of a 0.37% fortnightly increase, with the actual reading coming in at 0.62% — Tomato prices spiked 32% in two weeks and fruit and vegetable costs jumped 8.3%, driving the non-core