Tag Archives: Mexican peso

Though Mexico Exports Crude, High Oil Prices Hurt Economy

By THE PULSE NEWS MEXICO STAFF Although Mexico exports crude oil, it is a net importer of carbon-based fuel, meaning that it imports more oil products than it imports. Consequently, the surging price of international oil, and by extension, all oil-based products, such as gasoline, will negatively impact Mexico’s finances, Janneth Quiroz Zamora, deputy director of economic analysis at the

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Mexican 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

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Mexico News Roundup

By RICARDO CASTILLO Curtain up, the “L” Show Is On Finally, Mexico’s Fiscal General of the Republic (FGR) ordered the start of the trial of former Petróleos Mexicanos (Pemex) Director Emilio Lozoya Austin on two separate charges. The charges will be dealt with in separate hearings. On Tuesday, July 28, Federal Judge José Artemio Zúñiga Mendoza opened the first of

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