Luy’s Lines
Mexican Families’ Dwindling Buying Power
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Luy’s Lines
End of Year Forecast
Read moreCongressional Commission Approves AMLO’s Income Package
By KELIN DILLON On Monday, Oct. 18, Mexican President Andrés Manuel López Obrador’s (AMLO) 2022 National Income Package was approved by the Chamber of Deputies’ Economic Commission, including all its proposed reforms to the nation’s Income Tax Law (ISR). The package, which now passes to the full Chamber for passage, controversially proposes the registration of all legal Mexican adults over
Read moreMexican Inflation Keeps Rising, while Peso Loses Strength
By THE PULSE NEWS MEXICO STAFF Inflation in Mexico reached a record 6 percent in September, its highest level since April 2021, the National Institute of Statistics and Geography (Inegi) reported on Thursday, Oct. 7. The rise in the National Consumer Price Index (INPC) was mainloy due to increases in food and energy prices. According to Inegi, inflation in Mexico
Read moreMoody’s Says Electricity Reform Would Lower Rating
By THE PULSE NEWS MEXICO STAFF Moody’s Analytics, one of the three top credit rating agencies in the world, said Wednesday, Oct. 6, that Mexican President Andrés Manuel López Obrador’s (AMLO) controversial electricity reform initiative would have negative implications for the country’s credit rating. “The initiative would be negative for the Mexican power sector because it would decrease its operational
Read moreThe Storm Is Coming: Banxico Predicts Inflation Surge
By THE PULSE NEWS MEXICO STAFF Mexico’s Central Bank (Banxico) warned Thursday, Sept. 28, that the country will suffer higher inflation in the months ahead, raising its forecast for the close the year to 6.2 percent, up from its previous prediction of 5.7 percent. That new figure will constitute the highest level of Mexican inflation since December 2017, when it
Read moreNew Governors of Mexican States Inherit Debt from Predecessors
By KELIN DILLON The newly sworn-in governors of Mexican states Chihuahua, Zacatecas, Sonora, Campeche, Nayarit and San Luis Potosí have raised concerns about the precarious financial situations of the states they inherited, noting the lack of funds present to pay payroll, pensions and providers. The National Action Party’s (PAN) Governor of Chihuahua María Eugenia Campos made note of a 11
Read moreProfeco Says Private Hospitals Are Overcharging Patients
By THE PULSE NEWS MEXICO STAFF Mexico’s Federal Consumer Protection Agency (Profeco) Director Ricardo Sheffield on Wednesday, Sept. 29, put the nation’s private hospitals on notice, warning that many are overcharging insured patients and applying price increases far above the inflation rate. “The insurance companies, with whom we also spoke, are also reporting information on the relationship they have with
Read moreMexican Inflation Hits 5.87 Percent in First Half of September
By THE PULSE NEWS MEXICO STAFF Mexico’s National Consumer Price Index (INPC) soared to 5.87 percent in the first half of September, its highest level since the first half of June, the National Institute of Statistics and Geography (Inegi) reported on Thursday, Sept. 23 The index registered its highest level since the first half of the sixth month of this
Read moreMegaprojects Budget Leaves Little Room for Wiggle
By KELIN DILLON In response to the Mexican federal government’s proposed budget for 2022, experts across multiple sectors have expressed concern that the steep financial allocations to megaprojects will leave the nation with little maneuvering room should unforeseen contingencies arise. “The budget has little room for maneuvering, and that room that we should use to stimulate the country’s growth has
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