Mexico | March inflation forecast: downward pressures will outweigh upward pressures

Summary

We expect headline inflation to post a mild 0.07% MoM increase in March (3.37% YoY, down from 3.70% in February), with core increasing 0.27% MoM (3.58% YoY, down from 3.66%).

Key points

• Key points:
• Our preliminary estimates for April are -0.75% MoM (2.54% YoY) for headline inflation, and 0.27% MoM (3.39% YoY) for core inflation
• We are revising down our year-end forecasts to 2.8% for headline inflation and 3.0% for core inflation

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