Tariffs ‘hit’ inflation in Mexico

Mexico’s annual inflation rate climbed to 3.92% in the first half of February 2026, official figures from the Instituto Nacional de Estadística y Geografía (INEGI) show. This marked a modest increase from January’s 3.79% and was slightly above market forecasts.

Consumer prices, measured by the National Consumer Price Index (INPC), rose 0.25% compared with the second half of January, and core inflation, which excludes more volatile items, also increased moderately.

Although inflation remains within the target range set by the Banco de México (around 3% plus or minus a percentage point), the recent uptick continues a trend seen in early 2026. These developments may influence upcoming monetary policy decisions.

Source: El Financiero

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