MEXICO CITY (Reuters) - Mexican consumer prices rose more than expected in early March, but the pace of consumer price gains fell to its lowest level in just over a year, official data showed on Thursday.
Inflation in the 12 months through the first half of March
The rate in early March was the lowest since February 2017.
Mexico's central bank hiked its key interest rate to a nine-year high of 7.50 percent in February and the median of a poll this week by Banamex projected policymakers would hike again in June.
Earlier this month, Central Bank Governor Alejandro Diaz de Leon told Reuters that policymakers did not expect significant shocks to inflation in the short term.
Data showed the annual core rate
Month-on-month, consumer prices rose 0.29 percent during the first half of March