Mexico’s IPC lost 117 points or 0.3% to 45,151 on Wednesday, following a rally triggered by accelerating vaccine rollouts. On Wednesday, Moody’s revised its 2021 GDP growth forecast for Mexico to 5.5%, slightly higher than the federal government’s 5% target announced earlier in the week, as better than expected economic data continues to be observed. On the price front, biweekly inflation for February came at 3.84% YoY, below market expectations of a 3.88% increase. Historically, the IPC Mexico Stock Market reached an all time high of 51772.37 in July of 2017. The Mexican IPC index (Indice de Precios y Cotizaciones) is a major stock market index which tracks the performance of leading companies listed on the Mexican Stock Exchange. It is made up of a selection of shares that are representative of all the shares listed on the exchange from various sectors across the economy. It is a capitalization weighted index. The IPC index has a base value of 0.78 as of October 30, 1978.