简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:MEXICO CITY (Reuters) – Mexicos government next week will unveil a plan agreed with business groups to level prices nationwide for staples such as corn, beans, rice and milk in an effort to beat down inflation, President Andres Manuel Lopez Obrador said on Wednesday.
div classBodysc17zpet90 cdBBJodivpMEXICO CITY Reuters – Mexicos government next week will unveil a plan agreed with business groups to level prices nationwide for staples such as corn, beans, rice and milk in an effort to beat down inflation, President Andres Manuel Lopez Obrador said on Wednesday.p
pThe plan will aim for prices of basic goods to cost roughly 20 less than current store prices, Agriculture Minister Victor Villalobos told reporters after the presidents remarks.pdivdivdiv classBodysc17zpet90 cdBBJodiv
pVillalobos added that the response from companies had been positive, and that he anticipated the plan would be shortterm, lasting just until years end.p
pInflation is at 7.72, a twodecade high in Mexico, eating into wallets for millions of poor people that Lopez Obrador vowed to make a priority. p
pThe central bank raised interest rates seven times in a row as it seeks to bring inflation closer to its 3 target.p
pLopez Obrador said he will present details of the plan on May 4. It will include deals with large producers, distributors and retailers to contain prices in some two dozen types of goods, he added.p
p“No price controls, were going to guarantee fair prices in the basics,” Lopez Obrador told his regular news conference, saying he wanted to ensure even prices nationwide, whether in the capital, border cities or on the southeast coast.p
pLopez Obradors comments set off some critiques that a heavyhandedness could backfire. p
p“The Mexican government is toying with the idea of price controls,” Tony Payan, a Mexico expert at Houston‘s Rice University, said in a tweet. “It’s been tried before, with extremely bad impacts on the economy.”p
pMexico has a history of seeking to control prices to tackle soaring inflation, such as when a debt crisis hit the economy in the 1980s and when a spike in corn tortilla prices in 2007 sparked major street protests.p
pLopez Obrador also called on farmers to grow more crops for themselves. “If were selfsufficient in food, were going to win,” he said.p
p
pp Reporting by Daina Beth Solomon and Raul Cortes Editing by Dave Graham, Paul Simao and Mark Heinrichp
divdivdiv classBodysc17zpet90 cdBBJodivdivdiv
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.