The stabilization of the interannual rate was celebrated by the president Andres Manuel Lopez Obrador. “That is very good news for the town, for the people and I hope that the decrease will continue in the future. It has already reached its ceiling (inflation), its maximum limit, and it will start to go down, that is my forecast”launched the president during his usual morning press conference.
The data coincides with the appointment this Friday to Rachel as the new economy minister to replace Tatiana Clouthier, who resigned from her position on Thursday. “I made the decision to appoint Raquel Buenrostro, who now works as director of the Tax Administration Service (SAT), where she did a very good job, because the (fiscal) collection did not decrease,” the chief executive announced at a press conference. press.
Last Monday, López Obrador presented a new agreement with companies to try to curb price increaseswhich essentially proposes simplify the procedures for importing food and supplies. with this plan seeks that the average price of the 24 products of the basic basket be reduced by 8%reported the government.
In September, the prices of agricultural products increased 1.51%in contrast to those of the energetic and the rates authorized by the government, fell 0.42%detailed the INEGI.
Mexico registers the highest inflationary levels in more than two decadeswell above the objective of the Bank of Mexico (Banxico, central), which is 3% per year +/- one percentage point.
Against this background, On September 29, Banxico raised its interest rate for the eleventh consecutive time, reaching a record level of 9.25%.
The mexican economyhit hard by the covid-19 pandemic, contracted 8.4% in 2020. In 2021 it expanded 5% and for this year the analysts who month by month survey the central bank they expect growth of 2.0%.
However the IMF It lowered its growth forecast for the country, although it expects inflation to stabilize during the second half.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
