By THE PULSE NEWS MEXICO STAFF Mexico’s Energy Secretariat (Sener) on Tuesday, July 27, ordered the country’s Energy Regulatory Commission (CRE) to put an emergency maximum ceiling on natural gas prices in the face of soaring consumer costs. Sener gave the CRE just three days to establish a new pricing system that would guarantee affordable access for all consumers. In
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By KELIN DILLON According to the National Consumer Price Index (INPC) of Mexico’s National Institute of Statistics and Geography (Inegi), airfares increased by 43.9 percent during the country’s second economic quarter of 2021 compared to the year previous. The surge in price can be explained due to several factors — first and foremost, because flights during the second quarter of
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By JESSICA GUERRERO MORELIA, Michoacán — For decades, Mexico’s northern border has been a magnet for immigrants, both national and international, seeking economic refuge in the United States. But in recent months, the U.S.-Mexico border has also become a destination for thousands of displaced Mexicans who have fled their homes trying to escape the growing violence generated by organized crime
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By THE PULSE NEWS MEXICO STAFF Despite efforts by Mexico’s Central Bank (Banxico) last month to rein in inflation through a hike in interest rates, the average price of regular unleaded gasoline hit 24 pesos per liter on Monday, July 12, its highest cost ever, according to the country’s Energy Regulatory Commission (CRE), which is in charge of monitoring fuel
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By THE PULSE NEWS MEXICO STAFF Despite an unanticipated .25 percent hike in interest rates by the Central Bank of Mexico on June 24, inflation in Mexico continued to rise in June, hitting an annual rate of 5.88 percent, the National Institute of Statistics and Geography (Inegi) reported Wednesday, July 7. The Inegi said that the spike in consumer prices
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By THE PULSE NEWS MEXICO STAFF For the third month in a row, Mexico’s inflation rate in May broke the maximum target set by the country’s Central Bank (Banxico), the National Institute of Statistics and Geography (Inegi) reported Wednesday, June 9. In the fifth month of 2021, Mexico’s National Consumer Price Index (INPC) registered a level of 5.89 percent at
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By THÉRÈSE MARGOLIS The growing violence against Mexican politicians, journalists and electoral officials poses a potential threat to the country’s June elections and could mar the credibility of the polling results, the head of the National Electoral Institute (INE) said Friday, May 28. “By definition, the presence of violence constitutes the negation of democracy,” INE President Lorenzo Córdoba said during
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XINHUA Mexico’s gross domestic product (GDP) fell just 3.6 percent in the first quarter of 2021 year-on-year, the National Institute of Statistics and Geography (Inegi) said on Wednesday, May 26, revising its initial estimate of a 3.8 percent drop. According to a revised breakdown by economic segments, the services sector plummeted 4 percent between January and March of this year
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By THÉRÈSE MARGOLIS Ever since he first took office in December 2018, Mexican President Andrés Manuel López Obrador (AMLO) has been pushing to consolidating his institutional power by dismantling independent institutions, mandating constitutional rewrites and discrediting his opponents through unsubstantiated charges of criminal activity. One of the most notable victims of this latter political tactic has been the current governor
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By THE PULSE NEWS MEXICO STAFF The number of impoverished Mexicans with full-time jobs increased by roughly 10 percent in the first quarter of 2021, according to the National Institute of Statistics and Geography (Inegi) and the National Council of Evaluation of Social Development Policy (Coneval). In a joint report published on Tuesday, May 18, the Inegi and Coneval stated
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