The products of the Package Against Inflation and Famine (PACIC) that have increased the most in Jalisco are the tomato, orange and egg, with increases in the last month of 59%, 40% and 37%, respectively, according to the Institute of Statistical and Geographic Information.
“Tomato prices are going up a lot… and especially in supermarkets. The actions of the federal government do little to reduce prices”, laments Judith García, a neighbor of Parques del Auditorio.
Paulina Espinoza, who frequently goes to the Lomas de Zapopan market to do her weekly shopping, also confirms the increase in eggs and lemon because they are essential.
“Lemons had already dropped below 30 pesos per kilogram, but last week I found it at 35 pesos. The egg rose from 35 to 50 pesos per kilo. What I do with lemons when it’s expensive is ask for half a kilo… the vendors don’t like it and they give you a half kilo for up to 20 pesos, but no way, otherwise it’s not enough”.
Eduardo Macías, who does his shopping in a grocery store in the Independencia Oriente neighborhood, details that 15 days ago he realized that the kilo of eggs had dropped to 42 pesos. “Today I found it again at 50 pesos.”
On the other hand, Of the 23 generic products that are part of the PACIC, 12 increased in Jalisco compared to the previous fortnight.
The egg continues as one of the products that have become more expensive. THE INFORMANT. camacho
Four products from the Anti-Inflation Package drop
Only four products have lowered the price they had before the Package Against Inflation and High Costs (PACIC) was announced on May 4, 2022: onion (-37.6%), lemon (-17.8%), chicken (-1.0%) and rice (-0.6%). Although the cost of lemons had an increase in the second week of February 2023, there has been a decrease in the accumulated variation since the second half of April 2022, prior to the announcement of this measure against inflation.
According to the Institute of Geographical and Statistical Information (IIEG), onions have an average price of 19.98 pesos per kilo, but Lorena Reyes, who frequently attends the Felipe Ángeles market, in the municipality of Guadalajara, agrees that the price of the onion has gone down. “Last week I bought for five pesos, although it is often a stall that has low prices, white onion is characterized by having a cost that does not exceed 10 pesos.”
In that same comparison, the product that has risen the most is egg (29.7%), toilet soap (26.1%), tomato (26%), orange (25.7%) and edible vegetable oils and fats (18%). In other words, they have had that percentage increase despite the announcement of the strategy to contain inflation.
According to the average prices reported by the Institute of Statistical and Geographic Information, the average price of eggs in Guadalajara is 49.84 pesos per kilo. However, some consumers claim that they have seen it more expensive.
Araceli Carolina González, a resident of Tlajomulco de Zúñiga, says: “I got to see it for 70 pesos in the last 15 days.”
Anahí Alvarado, who buys tomatoes very often in the Lomas de Zapopan neighborhood, considers that the price has been very volatile in the last year. “For time I go to the supermarket more, there it is at 30 pesos per kilo. Last month I also bought in markets and it had already gone down between 20 and 25 pesos, but it went up again”.
BACKGROUND CURTAIN
What is PACIC?
The federal government of Andrés Manuel López Obrador presented, in May 2022, the Package Against Inflation and High Costs (PACIC) with the aim of counteracting the increase in the prices of products in the basic basket through different strategies.
Among the production strategies to increase the supply of food, the stabilization of the price of gasoline and diesel, reference prices of LP gas and electricity, with a federal government expense of 330 billion pesos; increase in grain production, with the combined efforts of the “Sembrando Vida” and “Producción para el Bienestar” programs; delivery of fertilizers, which meant that the Fertilizers for Well-being Program is expanded from five to nine States and the emerging Program for the production of organic fertilizers, and the elimination of the compensatory quota for ammonium sulfate, with which the Government would suspend for one year the countervailing duties on imports of ammonium sulphate.
The strengthening of the road safety strategy was also announced, no increase in highway tolls, exemption from Carta Porte, and no increase in rail fares, among other points.
THE INFORMER / I. Martinez
HIGHER INFLATION NATIONWIDE
Guadalajara is ranked 31 out of 55 cities
Guadalajara ranked 31st out of 55 cities with the highest inflation nationwide with 7.88%, while Tepatitlán ranked 21st with 8.32%, at an annual rate. While in February 2023, inflation at the annual rate in Jalisco was 7.99%, higher than the 7.62% that is the national average; which means that it is the comparison of the same period but of 2022. This places the State in fifteenth place compared to the rest of the country’s entities.
The cities that presented the greatest increases were Mérida with 9.80%, Tehuantepec with 9.50% and Acapulco with 9.30 percent.
“By object of expense, furniture has presented increases every month in the last five months at an annual rate, going from 5.24% in October 2022, to 8.86% in February. On the other hand, in recent months the food and transportation items have had a slowdown in inflation. The ones that registered the most annual variation in the National Consumer Price Index (INPC) were other services with 12.48%, followed by food with 11.98%, according to an analysis by the IIEG.
According to the National Institute of Statistics and Geography (Inegi), the INPC has established itself as one of the main indicators of the country’s economic performance; its applications are numerous and of great importance in the economic, legal and social spheres. “The estimation of its evolution over time, allows having a measure of general inflation in the country, which is reliable and timely thanks to the application of a methodology based on the recommendations of international good practices and the systematization and continuous improvement of the processes facilitated by the ISO 9001:2015 Quality Management System and the institutional quality policy”.
The tortilla goes up to 30 pesos per kilo
This publishing house published that the price of a kilogram of tortillas in the city is already between 25 and 30 pesos. In the vicinity of the Corona market it costs 25, in the area of the Mayor market it goes up to 27, while in establishments near López Mateos it is 30 pesos per kilo.
IT IS SITUATED AT 7.62 PERCENT
Inflation finally drops in Mexico
After two months on the rise, inflation in Mexico slowed down, going from 7.91% in the first month of this year to 7.62% last February at an annual rate, below what was estimated by specialists. according to data published by the National Institute of Statistics and Geography (Inegi).
Despite the above, it continues to be the highest annual rate for said month since February 2000, when it reached 10.52 percent.
The National Consumer Price Index increased 0.56% during the second month of the year compared to the immediately preceding period, a rate lower than the 0.68% reported in January.
The general price increase in February was below the consensus of analysts of 7.67% at an annual rate, and even outside the estimated range of between a minimum of 7.63% and a maximum of 7.73% forecast by the 33 financial institutions consulted by CitiBanamex.
Inflation was anticipated to moderate, with some of the adjustments related to the beginning of the year fading away. Regarding the dynamics of the period, some pressures from the first fortnight would have extended to the second.
However, greater stability was observed in energy prices in the latter part of the second month of the year, which helped partially moderate the momentum, Banorte analysts commented.
The lower dynamism of core inflation, which includes goods and services whose prices are less volatile, contributed to the deceleration of the general price index, going from 8.45% last January to 8.29% in February.
Within the underlying index, merchandise prices reported a monthly increase of 0.65% and an annual increase of 10.65%, while services increased 0.56% in the month and 5.55% compared to the same period of the previous year.
For its part, the non-core price index advanced 0.40% at a monthly rate, decelerating at an annual rate from 6.32% to 5.65%. Within it, the prices of agricultural products observed a monthly decline of 0.07%, with which the annual increase reached 9.29 percent.
For their part, energy prices and rates authorized by the government advanced 0.80% in the month, with which the segment reached 2.77% at an annual rate.
Inflation in Mexico slowed down, going from 7.91% in the first month of this year to 7.62% last February. THE INFORMANT. camacho
KEYS
variations
measurements. The fortnightly variation refers to the variation with respect to the immediately preceding fortnight, while the annual variation is with respect to the same fortnight of the previous year. The accumulated variation refers to accumulated inflation since the second half of April 2022, the fortnight prior to the announcement of this anti-inflation measure.
Inflation. According to the Inegi, inflation is the generalized and sustained increase in the prices of goods and services in a country. To measure the growth of inflation, indices that reflect the percentage growth of a weighted basket of goods and services are used.
Problem. According to the National Institute of Statistics and Geography, one of the main reasons why inflation is measured as precisely as possible is because it is a harmful economic phenomenon.
Damage. Inflation is detrimental for the following reasons: it affects the stability of the purchasing power of the national currency and families. It also affects economic growth by making investment projects riskier. According to experts, it distorts consumption and savings decisions among people, promotes an unequal distribution of income and makes financial intermediation difficult.
