Mexico’s inflation rate rises for third straight month, hitting 3.75%

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Mexico’s inflation rate rose for a third consecutive month, reaching 3.75%. The increase could constrain the Bank of Mexico’s ability to cut interest rates further after its recent decision to prioritize supporting economic growth.

The Bank of Mexico was aware that inflation was still not under control when it lowered interest rates last week, but felt that helping the economy move forward was a higher priority. It may not be able to do that again after the latest inflation rate rise. The post Mexico’s inflation rate rises for third straight month, hitting 3.75% appeared first on Mexico News Daily