President Andres Manuel Lopez Obrador announced that next Wednesday it will announce a plan to contain the increase in inflation in the country. He clarified that a price control will not be established, but a guarantee price will be established for 24 basic products of the basic basket.
He affirmed that members of his cabinet have worked to reach a inflation containment planand highlighted that producers, merchants, carriers and department stores have been willing to lower -without imposing- prices on consumers.
during his morning conference in National Palacethe president said that “there will be no price control, but there will be guaranteed prices” for 24 products of the basic basket, especially corn, beans, wheat, rice, as well as milk.
“Without establishing price controls, we are reaching an agreement with large food producers and with distributors, with department stores, with all of them, and almost all of them are agreeing to help and what we are proposing is that we have an equal price for a basic basket that can be bought at the same price in Mexico City or in Tijuana or in Valladolid or Tapachula, a fair price,” he explained.
“We are working within the government in all areas, that has to do with the gasoline prices. advance that they will not increase the light, neither of gasoline, is part of this plan but we are also considering productive activities a lot above all those that have to do with planting food. I am also taking advantage here, I am not going to let the opportunity pass, to exhort, to respectfully call on the peasants, so that corn is planted, beans are planted, the basics, because they face shortages, inflation, with self-consumption, not only with commercial production,” he said.
“Yes, we are self-sufficient in food let’s win; buying beans, buying corn, is not the same as having it at home, you have to plant as much as possible for self-consumption and this is accompanied by the support that comes directly, not through the dependencies, If not, support is deposited from the Treasury and we are going to expand the free fertilizer program,” he said.
The National consumer price index (INPC) presented an inflation of 0.16% in the first fortnight of April 2022, so the annual rate was 7.72 percent. As a reference, in the same period of 2021, biweekly inflation was 0.06% and annual 6.05 percent.
The prices of agricultural products increased 0.65%, highlighting the price of tomato, serrano pepper and avocado, which were sold at 16.65, 15.16 and 4.73% more expensive, respectively. Energy prices and rates authorized by the government fell 1.70% at a fortnightly rate, which was mainly due to adjustments in electricity rates within the warm season scheme in 18 cities in the country.
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