AMLO Presents Measures to Control Inflation in Mexico Radiorama
go to original May 5, 2022

The Federal Government indicated that there will be no price control on the main products of the basic basket, but that it seeks a fair price for consumers.

Wednesday, the president Andres Manuel Lopez Obrador, together with the Secretary of the Treasury, Rogelio Ramírez de la O, presented the so-called Plan Against Inflation and Scarcity announced a few days ago.

This new measure promoted by the Federal Government aims to support citizens to combat the recent inflationary increases that have had a notable impact on various basic necessities. That is, the basic basket. As well as promoting the increase in the production of grains such as rice, beans and corn, through the “Sowing life” and “Production for Well-being” programs.

As he anticipated a couple of days ago, López Obrador stressed that "it is not about price control." The plan is seen as an alliance that guarantees a "fair price" for just over twenty products commonly found in the basic basket.

For this measure to achieve its objective, it is essential that businessmen, producers and distributors join the initiative. The president confirmed that, in total, there will be 24 products that would be within the "fair price" agreement:

  • Canola or Corn Oil
  • Grain Rice
  • Canned Tuna
  • Brown Sugar
  • Beef Steak
  • Onions
  • Jalapeno Pepper
  • Pork Chops
  • Beans in Grain
  • White Chicken Egg
  • Toilet Soap
  • Tomatoes
  • Milk
  • Lemons
  • Apples
  • Oranges
  • Box Bread
  • Potatoes
  • Toilet Paper
  • Pasta
  • Whole Chicken
  • Canned Sardine
  • Corn Tortilla
  • Carrots

Read the rest at Radiorama

Related: Analysts Predict AMLO's Anti-Inflation Plan Will Have Only a Limited Effect (Mexico News Daily)

Related: Mexico Closed 2021 With an Inflation of 7.36%, the Highest in 20 Years (Radiorama)

This article was translated from Spanish using AI technologies. Errors may exist due to this process.