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Mexico Inks Deal With Top Companies to Tame Rising Inflation

  • Government presents agreement with businesses for 24 products
  • Deal will initially last six months, includes tariff reduction
A worker pulls a cart loaded with boxes at the Central de Abastos Market in Mexico City, Mexico, on Wednesday, Jan. 12, 2022.
A worker pulls a cart loaded with boxes at the Central de Abastos Market in Mexico City, Mexico, on Wednesday, Jan. 12, 2022.Photographer: Alejandro Cegarra/Bloomberg
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Mexico’s government has struck a deal with leading companies to temporarily cap prices on 24 food and other basic products in an effort to temper inflation that has surged to two-decade highs.