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Mexico fourth G20 country with more food growth

Mexico.- According to data from the Organization for Economic Co-operation and Development (OECD), Mexico G-20 . is the fourth country…

By admin , in news , at May 10, 2022 Tags: , ,

Mexico.- According to data from the Organization for Economic Co-operation and Development (OECD), Mexico G-20 . is the fourth country of (group of 20) with higher food prices,

To date, Mexico has dragged on for more than a year. national inflation Exceeds the target set by the Bank of Mexico (Banxico), causing food prices to skyrocket.

According to data revealed by the OCE, the increase in food prices that Mexico has presented in recent months exceeds only those that Turkey, Argentina and RussiaG-20 nations.

Read more: Mexico has not yet taken advantage of trade war between US and China, assures BBVA

Earlier this month of May, the National Institute of Statistics and Geography (INEGI) declared that, during April of the current year, Inflation was kept at 7.68%Highlight the increase in foods such as tomatoes and avocados.

In general, in the fruit and vegetable sector, the increase in prices of these products was located last month, at 15.84% per annum, as reported by measurements made by INEGI.

Taking into account all the food items that make up the economy, the OECD estimates that inflation of these, between March 2021 and March 2022, was 13% in Mexico, thus trailing such countries. USA, Canada, South Africaand to be above the average of the Organization and the countries of the European Union.

AMLO’s Anti-Inflation Plan

Anti-Inflation Plan of President’s Government Andres Manuel Lopez Obrador, which was officially introduced last week. This strategy tries to control the prices of the foods that make up the basic food basket in Mexico as much as possible.

Read more: Inflation may reach double digits, warns economist

At the morning conference of President López Obrador on Wednesday, May 4, the head of the Ministry of Finance and Public Debt (SHCP), Rogelio Ramírez de la O explained that the anti-inflation plan includes 24 products that are part of the basic basket of households living in the Mexican Republic.

They are going to improve the economy in the Ahom; hold trading platform