The measure, which will become effective with a decree that will be published in the next few hours, is an extension of one of the sections included in an anti-inflation plan launched by the Government in May and agreed with the largest food companies to reduce the price of a basic basket of 24 goods.
“(The decree) extends the benefit to merchandise classified in 33 tariff fractions, which are added to the products that already had the tariff reduction,” the government said in a statement on Friday. Among the products that are added are turkey, garlic, lettuce, spinach, lentils, among others.
In the Soriana, Walmart and Chedraui self-service chains you can buy the products of the basic basket in less than 1,000 pesos, according to information from the SE.
The government’s attempt to contain the increase in the cost of products and services, particularly the basic food basket, began in May, with the entry into force of the Pact against Inflation and High Costs (PACIC).
In October 2022 APECIC launched From then on, said Economy, prices began to fall.
When the PACIC came into effect -May 2022- the price of the basic basket in Chedraui was 919.80 pesos, in Soriana it cost 932.14 pesos and in Walmart 963.49 pesos.
In October, when APECIC was announced, the cost of the basic basket reached 985.14 pesos in Chedraui, 981.84 pesos in Soriana and 1,034.51 pesos in Walmart.
By December, two months after the entry into force of APECIC, the cost of the basic basket in Chedraui was 951.50 pesos, 918.22 pesos in Soriana and 969.62 pesos in Walmart, detailed the SE in the report. Inflation report December 2022.
“Even with the implementation of the decree (PACIC) in May, the prices of these products continued to increase. As of the entry into force of APECIC, it is observed that prices stopped increasing and present a slight decrease”, the SE pointed out in the report.
Prices around the world began to rise from the beginning of 2022, mainly caused by the coronavirus pandemic and, in 2022, the war in Ukraine also contributed to the rise in inflation.
With information from Reuters