Inflation & Prices

Mexico Inflation Jump Exceeds Forecasts to Top Target Range

Shoppers in the Medellin market in Mexico City.
Photographer: Toya Sarno Jordan/Bloomberg

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By Gonzalo Soto and Alex Vasquez

March 9, 2026 at 12:28 PM UTC

Updated on

March 9, 2026 at 12:47 PM UTC

Lea en español

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.