PULSE NEWS MEXICO According to preliminary numbers from Mexico’s National Institute of Statistics and Geography (Inegi), released on Thursday, Aug. 18, the nation’s economy shrank by 0.1 percent in July, constituting the third month in a row with a negative growth rate. In June, Mexico’s economy also contracted by 0.1 percent, and in May, it contracted by 0.2 percent, based
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Mexico’s Perfect Storm of Inflation, Violence and Covid
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By KELIN DILLON Crude oil prices dipped down more than $4 a barrel on Monday, Aug. 15, to the same market levels seen before the Ukrainian invasion, a trend prompted by the release of disappointing economic data from China – the world’s biggest crude oil importer – that very same day. The price of a barrel of U.S. West Texas
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PULSE NEWS MEXICO The “Real Thing” just got costlier this week in Mexico, when Coca-Cola Femsa bottlers announced on Monday, Aug. 15, that it was raising the price of its beverages by 1 peso per bottle or can. And as if that were not enough to hit your daily allowance pocketbook, next time you ask “Got Milk?” an affirmative answer
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Inflation, Drop-by-Drop
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XINHUA The Board of Governors of the Central Bank of Mexico (Banxico) agreed Thursday, Aug. 11, to raise the key benchmark interest rate for the 10th consecutive time, in anticipation of higher inflation in the short term. The new rate is 8.5 percent. Five members of the board voted unanimously to increase the target for the overnight interbank interest rate
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OPINION By SILVIO CANTO, JR. Years ago, my mother got a letter from her sister in Cuba complaining about the lack of food. and especially seafood. So my mother said to her Cuban friend, “Can you believe that? No fish in Cuba.” And her friend said, “How can that be? It’s an island. I remember going fishing and catching everything.” And
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XINHUA The Mexican government will take additional measures to counter rising inflation as part of the package against inflation and famine that took effect in May, Secretary of Finance Rogelio Ramirez de la O announced here Tuesday, Aug. 2. That package consisted of freezing the price on 24 basic products that Mexicans consume on a regular basis. However, despite that
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By ANTONIO GARZA, former U.S. ambassador to Mexico
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Soaring Prices
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