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Anti-inflation plan will not have desired scope: Coopermax

Mexico.- This Wednesday, the Employers’ Confederation of the Mexican Republic (Coppermax) warned that he predicts the presidential government’s anti-inflation plan…

By admin , in news , at May 11, 2022 Tags: ,

Mexico.- This Wednesday, the Employers’ Confederation of the Mexican Republic (Coppermax) warned that he predicts the presidential government’s anti-inflation plan Andres Manuel Lopez Obrador This could not have had the expected scope in favor of a reduction in national inflation.

This comes after the Mexican federal government formally introduced a package against so-called inflation and famine last week (pacific), through which it seeks to include the prices of 24 products which are part of original basket from Mexico.

On this day, the president of the Confederation of Employers of the Mexican Republic, Jose Medina Mora, recalled that more than two decades ago, the country had not faced one. inflation So much so, because it was positioned above 7% in April of the current year.

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In this sense, he pointed out that the tax causes skyrocketing prices of products, which in turn leads to losses for Mexican families, worsening their purchasing power.

In this framework, the employer leader emphasized that the causes of inflation in the Mexican Republic occur in a global context and not only on a national level, so he argued that the strategy implemented by the federal government may not have the desired effect. Is.

“It is important to recognize that the rise of inflation is driven by a global context, not just a national one, so PACIC may not have all the desired scope, as there are events that are beyond the control of national actors,” he said. Explained.

Medina Mora explained that being a country an open economyloss Prices of products, inputs and commodities set abroad And not internally, for which he emphasized that Mexican inflation will continue to depend largely on what happens in international markets, as well as the duration of the war between Russia and Ukraine.

However, the president of Copermex celebrated the launch of the anti-inflation plan of the government of President López Obrador, by clarifying that the same does not establish price controls,

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“At Coopermax we celebrate the launch of PACIC, as it does not mean establishing price controls, which only lead to further distortion of the economy, product shortages and the emergence of black markets, affecting those who intended to preserve.” He said..

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Anti-inflation plan will not have desired scope: Coopermax

2022-05-11 21:15:04