Mexico’s annual inflation accelerated roughly in line with economists’ forecasts in early February, holding near the central bank’s estimates and keeping chances of a sixth straight interest rate cut in play.

As inflation heats up, consumers are seeing higher prices at grocery stores due to tariffs on imported goods such as fruits and vegetables from Mexico, Canada and China.

Mexico's annual inflation rate likely rose during the first half of February as the core index remained flat, a Reuters poll predicted on Friday, boosting bets that the central bank will again opt to significantly lower borrowing costs in March.

President Donald Trump said Monday that his tariffs on Canada and Mexico are starting next month, ending a monthlong suspension on the planned import taxes that could potentially hurt economic growth and worsen inflation.

President Trump’s comment indicates the end of a monthlong suspension on planned import taxes that could potentially hurt growth and worsen inflation.

It comes after Trump said his threatened tariffs on China, Mexico and Canada will go into effect from today, in a move that could boost inflation.

Mexico's inflation picked up in the first half of February with increases in core goods and services offsetting a decline in fruit and vegetable prices. The consumer price index rose 0.15% from the end of January,

President Donald Trump’s blanket 25% tariffs on Mexico and Canada took effect on Tuesday, an extraordinary action aimed at bringing America’s top trading partners to heel. But it threatens to weaken the North American economy,

President Donald Trump’s long-threatened tariffs against Canada and Mexico went into effect Tuesday, putting global markets on edge and setting up costly retaliations by the United States’ North American allies.

Responding to US President Donald Trump's decision to impose additional tariffs on Canada, Mexico and China starting on Tuesday US time, CEO and Vice Chair of the US Consumer Technology Association (CTA) Gary Shapiro warned in a statement that the CTA provided to the Global Times on Tuesday that such move will fuel inflation and hurt US economy.

As the clock ticks down toward Tuesday's proposed tariffs on Canada and Mexico, inflation traders prepared for a short-term shock to the annual headline rate from the consumer-price index over the second half of this year.