Mexico's inflation rose in February from the previous month, while the closely watched core index held steady, keeping open expectations for the central bank to cut interest rates by another half percentage point this month.

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.

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.

There will ‘clearly’ be an inflationary impact from President Trump’s tariffs on Mexico, Canada and China, according to shipping giant Maersk.

Inflation rose 0.50% in January, and most experts expect further price increases from President Donald Trump's new tariffs on imports from Canada, Mexico and China. In response, some consumers

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.

Inflation in Mexico is expected to have moved higher in February with a moderate decline in fresh fruit and vegetable prices and monthly increases in core goods and services. The consumer price index is expected to have risen 0.

Trump administration Commerce Secretary Howard Lutnick swatted away any notion the president's tariffs on China, Canada, and Mexico could exacerbate inflation on U.S. consumers in a CNBC "Squawk Box" interview with Joe Kernen — accusing anyone expressing this criticism of "whining and complaining.

The chair of the Federal Reserve warned Friday the administration who campaigned on egg prices being too high had ushered in policies that will only increase inflation. Fed Chair Jerome Powell, appointed by President Donald Trump in his first term,

Mexico’s inflation accelerated more than expected in February, as policymakers doubled the pace of interest rate cuts and uncertainty over trade relations with the US started to hit the economy.Consumer prices rose 3.