PULSE NEWS MEXICO Mexico’s Energy Secretariat announced Thursday, July 28, that LP natural gas will be subject to a maximum price cap for an indefinite period of time starting in August. In a published statement, Mexico’s Energy Regulatory Commission (CRE) stated that the new ruling will replace the government’s current price-setting program, which went into effect in July 2021 as
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By KELIN DILLON In a collaborative move between Mexico’s federal government and its private sector, President Andrés Manuel López Obrador (AMLO) announced a new price control initiative – the Package Against Inflation and Famine (PACIC) – to the public during his daily morning press conference on Wednesday, April 4. Th package establishes cost protection for 24 “basic basket” supermarket items,
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By THE PULSE NEWS MEXICO STAFF Despite President Andrés Manuel López Obrador’s (AMLO) repeated promises to keep fuel prices down and ongoing tax discounts from the nation’s Finance Secretariat, gasoline prices in Mexico are now higher than in the United States. According to data from the consulting firm PetroIntelligence, regular gasoline sold Thursday in Mexico at an average of 21.51
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By THE PULSE NEWS MEXICO STAFF After thousands of U.S. drivers were crossing into the country to fill up their tanks on Mexican government-subsidized gasoline, the nation’s Treasury Secretariat (Hacienda) on Saturday, April 2, announced that it will suspend gas subsidies along the northern border, effective immediately, at least through Friday, April 8. Two days later, Mexican President Andrés Manuel
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By THE PULSE NEWS MEXICO STAFF Thursday, March 31, was Mexico’s official Day of the Taco, but while this quintessential national dish still encompasses the essence of true Mexican cookery, rooted in pre-Columbian times, soaring prices have led to a 30-percent drop in taco consumption. Higher costs for meat, lemon, avocados and tortillas have forced taco venders to raise the
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XINHUA The economy of Latin America and the Caribbean will grow by only 2.1 percent in 2022, representing a slowdown compared to 6.2 percent in 2021, the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) reported last week. According to the commission’s projections released on Wednesday, Jan. 12, the economy of the Caribbean region will grow 6.1
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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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By THE PULSE NEWS MEXICO STAFF Since the start of the year, some food prices in Mexico have doubled, and others have increased by as much as 148 pecent, according the the National Institute of Statistics and Geography (Inegi). The price of avocados has increased by 45 percent since January, while onion prices are up 44 percent and tomatoes are
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The High Price of Oxygen
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