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.

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,