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Mexico's Inflation Approaches 15 Percent in January-March 1995

LADB Article ID: 56164
Category/Department: Mexico
Date: 1995-04-12
By: LADB Staff

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.

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