Inflation in Mexico has accelerated unexpectedly, reaching 3.92% in the first two weeks of February, according to data published by the National Institute of Statistics. This uptick is attributed to the implementation of new taxes and tariffs that came into force at the start of the year. The new inflation rate exceeds the average estimate of 3.89% from analysts surveyed by Bloomberg, indicating a stronger economic impact than anticipated.

In contrast, the core inflation rate, which excludes the more volatile prices of food and fuel, showed a slight decrease to 4.52%, compared to 4.56% recorded in the last two weeks of January. This figure is also below the median estimate of 4.57%, suggesting that while overall inflation is rising, the underlying inflation pressure is less intense than previous assessments. Such fluctuations in core inflation can influence the central bank's monetary policy decisions moving forward.

The central bank aims for an inflation target of 3%, plus or minus one percentage point, and has recently concluded a cycle of easing measures. The increase in inflation figures and the ongoing economic adjustments may prompt the central bank to recalibrate its strategies to ensure financial stability, especially in the context of new fiscal policies and external economic influences.