Inflation in Mexico rises... but less than expected: It accelerates to 4.59% in March

Mexico's annual inflation accelerated in March after Banxico resumed its monetary easing cycle and revised upward inflation forecasts, as the war with Iran exerts pressure on global energy prices. According to the National Institute of Statistics, consumer prices increased by 4.59 percent in March compared to the same month of the previous year. This figure was below the average estimate of 4.64 percent from analysts surveyed by Bloomberg, but above the 4.02 percent recorded in February. Core inflation, which excludes the volatile prices of food and fuel and which the central bank closely monitors, slowed to 4.45 percent year-over-year, down from 4.50 percent in February, and below the average estimate of 4.47 percent. The central bank aims for an inflation rate of 3 percent, with a margin of error of one percentage point. Inflation in Mexico: Which products saw the biggest price increases in March 2026? Tomatoes, airplane tickets, as well as bars, restaurants, tortas and tacos ...