Mexico Seeking Price Pact With Top Firms to Tame Inflation
- Agreement may affect about 25 staples key for Mexican families
- AMLO frets about inflation impact on his working class voters
Customers shop for fruits and vegetables at a market in Mexico City.
Photographer: Alejandro Cegarra/BloombergThis article is for subscribers only.
Mexico’s government is seeking a pact with private companies to limit price increases of basic items in a bid to tame the fastest inflation in two decades.
The potential deal aims to focus on the roughly 25 items that are part of Mexico’s basic basket of goods, according to Jesus Ramirez, spokesman for President Andres Manuel Lopez Obrador.