By MARK LORENZANA Despite the tortilla being one of the 24 products of Mexico’s basic basket included in the Package Against Inflation and Famine (PACIC), its price has increased from May to September of this year. On April 4, Mexican President Andrés Manuel López Obrador (AMLO) announced to the public a new price-control initiative — the PACIC – that established cost protection
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Skyrocketing Prices
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Government Support in the Face of a Recession
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By KELIN DILLON As international inflation continues to dominate global economic forecasts, Mexico’s own ongoing bout with inflation has been no walk in the park itself; rather than ease up in September as anticipated by sector specialists, inflation only increased in Mexico across the course of the month, reaching 8.76 percent in the first half of September alone. According to
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By ANTONIO GARZA, former U.S. ambassador to Mexico
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PULSE NEWS MEXICO By the year 2023, Mexico’s public debt is expected to reach 1.08 trillion pesos, representing an increase of 29.9 percent compared to the 2022 budget, according to a breakdown of President Andrés Manuel López Obrador’s (AMLO) new proposed annual economic package. The 2023 package, which was presented by the AMLO administration to Congress on Thursday, Sept. 8,
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By MARK LORENZANA President Andrés Manuel López Obrador (AMLO) on Wednesday, Sept. 7, accused businessmen in Mexico of increasing their profits especially in times of crisis, claiming that the Mexican Treasury will now ask them for an explanation. In his Wednesday morning press conference, López Obrador said that private businesses should instead help control price increases. He specifically mentioned the
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By MARK LORENZANA With his popularity dropping, violence growing and the country’s economy crashing, Mexican President Andrés Manuel López Obrador (AMLO) on the afternoon of Thursday, Sept. 1, tried his hardest to put a positive spin on his administration’s shortcomings through his State of the Nation Address (Informe de Gobierno) at the National Palace in Mexico City. The 50-minute speech
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The Rising Cost of Natural Gas
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By MARK LORENZANA Mexico’s National Institute of Statistics and Geography (Inegi) announced on Tuesday, Aug. 23, that during the first 15 days of this month, the National Consumer Price Index (INPC) increased 0.42 percent, bringing the country’s annual rate of inflation to 8.62 percent. According to the Inegi, the INPC recorded its highest level since the second half of December
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