CENTRAL BANK REPORTS NEARLY 15 PERCENT ACCUMULATED INFLATION DURING JANUARY-MARCH

From: SourceMex Economic News & Analysis on Mexico | Date: April 12, 1995 | Copyright information

On April 7, the Banco de Mexico reported that the consumer price index (Indice Nacional de Precios al Consumidor, INPC) surged by 5.9%. in March, bringing accumulated inflation for the January-March quarter to 14.54%.

The relatively high rate for the first quarter of the year raised new concerns over whether President Ernesto Zedillo's administration will be able to meet its most recent target of 42% annual inflation for 1995. For that target to be met, the inflation rate w...

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