A ‘voluntary cap’ and inflation that does not stop
President Claudia Sheinbaum announced an agreement with gas stations to establish a ‘voluntary’ cap on the price of diesel. Fuel had reached up to 30 pesos per liter in some areas.
“A voluntary limit was accepted, as always, not forced, it is around 28.50 and I told you it is still very high,” said Sheinbaum.
His statement makes it clear that the government prefers persuasion over regulation. An approach that, historically, has had variable results.
The basic basket also rises
During her morning conference, the president also addressed the rise in products such as tomato, lemon and chicken. According to her, it is due to a freeze in Florida and increased demand.
“It is temporary, it must be said in these products it is something seasonal,” he expressed.
Meanwhile, Inegi reports data that paints a different picture. General inflation increased 0.62% in the first half of March. Annual inflation soared to 4.63%, its highest level since October 2024.
Sheinbaum chose to highlight the strength of the Mexican peso, citing Bloomberg. A macroeconomic fact that sounds good at a press conference, but offers little comfort when paying for groceries.
The promise is to review schemes and include products in Pacic. Official figures show persistent inflationary pressure. The average citizen feels the second scenario every day.
