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
Read more
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
Read more
By THE PULSE NEWS MEXICO STAFF Despite the fact that Mexican President Andrés Manuel López Obrador (AMLO) promised that inflation would be kept at a maximum of 3.4 percent rate in 2019, overall price increases for the first half of March shot up to 3.95 percent, according to the National Consumer Price Index (INCO), a subdivision of the National Institute
Read more