By THE PULSE NEWS MEXICO STAFF According to the National Institute of Statistics and Geography (Inegi), inflation in Mexico hit 7.45 percent in March, its highest level in 21 years. The annual inflation rate for the third month of the year was higher than the 7.28 percent reported in February, and exceeded the 7.38 percent forecast by the Bank of
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XINHUA The growing geopolitical conflict resulting from Russia’s invasion into Ukraine has exacerbated uncertainty surrounding Mexico’s economy, the Mexican Institute of Finance Executives (IMEF) said on Tuesday, March 15. In its monthly analysis, the private-sector IMEF said that the global economic landscape changed notably due to the Russia-Ukraine conflict, the impact of which is still to early to gauge. IMEF
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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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By JUAN DE JESÚS BREENE Most people would agree that the most essential function of a government is to provide safety and security to its citizens. In Mexico, you would be hard pressed to find anyone who says the government is doing well when it comes to offering safety. Recent polls conducted by Mexico’s National Institute of Statistics and Geography
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By THE PULSE NEWS MEXICO STAFF For the third straight year — all under the watch of leftist President Andrés Manuel López Obrador (AMLO) — Mexico’s economy contracted in 2021, representing a second technical recession. According to the government’s own data, provided on Monday, Jan. 31, by the National Institute of Statistics and Geography (Inegi), the country’s economy contracted for
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By THE PULSE NEWS MEXICO STAFF While Mexican President Andrés Manuel López Obrador (AMLO) has set a deadline of 2024 for the nation to become self-sufficient in gasoline production, the country is severely lagging in the production of premium, high-octane gasoline, used by about 30 percent of all Mexican vehicles. Currently, Mexico’s state-run oil company Petróleos Mexicanos (Pemex) produces only 4
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By THE PULSE NEWS MEXICO STAFF Despite repeated promises from President Andrés Manuel López Obrador (AMLO) of a 6-percent economic growth in 2021, Mexico registered a 0.2 percent contraction last quarter, marking three straight trimesters in a row of decline in the nation’s gross domestic product (GDP), according to statistics provided Wednesday, Jan. 19, by the National Institute of Statistics
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By THE PULSE NEWS MEXICO STAFF Graciela Márquez Colín, Mexico’s former secretary of economy, will replace Julio Santaella as the head of the National Institute of Statistics and Geography (Inegi) as of Jan. 1, President Andrés Manuel López Obrador (AMLO) announced Wednesday, Dec. 15. Márquez Colín will replace Julio Santaella. “Being the first woman in the head of the Inegi
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By KELIN DILLON Throughout 2020, reports and complaints surrounding human rights violations in Mexico (mainly against the illegal actions of government authorities) increased by 35.7 percent from the year previous, with a total of 252,066 complaints registered by the National Institute of Statistics and Geography (Inegi) on a state and national level. According to the National Human Rights Commission (CNDH)’s
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By THE PULSE NEWS MEXICO STAFF Inflation in Mexico jumped dramatically in November to 7.37 percent, its highest level since January 2001, and financial analysts have raised their annual forecasts to close the year at 8 percent. In the second half of the November, the National Consumer Price Index (INPC) jumped to 7.7 percent, also its highest level since 2001,
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