In stating that “these are two pieces of good news”, the President Andres Manuel Lopez Obrador He highlighted that inflation slowed down for the fourth consecutive month to settle at 5.84 percent, according to data from the National Institute of Statistics and Geography (Inegi), in addition to the fact that The peso continues to strengthen and is sold today at 17.37 pesos.
López Obrador assured that the Mexican economy is strengthened and that it is growth with well-being.
In morning press conferencethe President recalled that, after the arrival of the COVID-19 pandemic and with the war between Russia and Ukraine, inflationary growth occurred throughout the world and that it also affected Mexico.
He stressed that his government reached an agreement with producers, industrialists and merchants to create the Package against inflation and high prices (Pacic), so that 24 products in the basic basket do not increase in prices.
“Two pieces of good news: the Inegi announces the behavior of inflation, which is very good news. Inflation is going down, so we are with the data today (5.84%). Let us remember that after the pandemic with the war in Russia and Ukraine, this phenomenon of inflationary growth occurred throughout the world and it also affected us.
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“Measures were applied: the Bank of Mexico, which is an autonomous institution, made decisions to increase the interest rate to control inflation. We made an agreement with producers, with industrialists and merchants to make a basic basket at low, fair prices , that plan helped us a lot, also the one that did not increase the price of fuel, did not increase the price of gasoline, diesel, gas and electricity and thank the shopping centers because 24 products of the basic consumer basket prices have even gone down in general and here is the result and we are advancing in this regard”, he mentioned.
“A phenomenon” that the peso is bought today at 17.37 pesos
In the National Palace, President López Obrador recalled that when there is inflation, income is greatly affectedbecause “the salary can be increased, but if there is an increase in inflation, the purchasing power is lost, the purchasing power, that is why it is very good news.”
Another piece of good news and one that the President described as “a phenomenon” is that the peso continues to strengthen and today it is bought at 17.37 pesos compared to the more than 20 pesos that it sold when he came to the Presidency.
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“The other good news is that the peso continues to strengthen, it is a phenomenon, look at this 17.37 pesos per dollar, when we arrived it was over 20 and the forecasts of our adversaries said that it was going to go up to 30 (pesos).”
“There was a commentator who said ‘Buy your little dollars.’
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