MEXICO CITY
\nMexico\u2019s year-on-year inflation likely accelerated in February after cooling slightly over the previous two months, a Reuters poll showed Friday, reinforcing expectations that the central bank will continue to raise its key interest rate.
\nThe consensus forecast of 11 analysts surveyed was for inflation to grow to 7.23% from 7.07% in January. If the prediction is correct, it would be the first increase since November, when inflation hit a 20-year high. (MXCPIA=ECI)
\nThe core rate of inflation, which strips out some volatile food and energy items, was seen accelerating to 6.58%, which would be the highest rate since June 2001. (MXCCPI=ECI)
\nThe Bank of Mexico targets inflation of 3%, with a one percentage point tolerance range above and below that. In February the bank raised its benchmark interest rate by 50 basis points, a sixth consecutive rise, citing inflation. read more
\nThe central bank\u2019s next monetary policy decision is scheduled for March 24, a week after the United States\u2019 Federal Reserve is expected to hike percentages after years of near-zero rates. read more
\nJust in February, Mexican consumer prices are estimated to have increased by 0.78% with the core price index seen advancing 0.74%. (MXINFL=ECI), (MXCPIX=ECI)
\nMexico\u2019s national statistics agency will publish the latest inflation data on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"
MEXICO CITY Mexico\u2019s year-on-year inflation likely accelerated in February after cooling slightly over the previous two months, a Reuters poll showed Friday, reinforcing expectations that the central bank will continue to raise its key interest rate. The consensus forecast of 11 analysts surveyed was for inflation to grow to 7.23% from 7.07% in January. If […]<\/p>\n","protected":false},"author":2,"featured_media":247973,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[210,4684,1718],"class_list":{"0":"post-247951","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-inflation","9":"tag-mexico","10":"tag-rise"},"yoast_head":"\n