Mexico Inflation Jump Exceeds Forecasts to Top Target Range (1)

Mexico’s annual inflation accelerated more than expected in February to breach the top of policymakers’ target range, after the central bank paused an extended easing cycle to assess the impact of new taxes and tariffs.

Consumer prices rose 4.02% in February compared to the same month last year, according to the national statistics institute. The reading came in above the 3.94% median estimate of analysts surveyed by Bloomberg and up from January’s 3.79% print.

Core inflation, which excludes volatile food and fuel prices, slowed slightly to 4.50% from a year ago, compared to 4.52% in January, in line with ...