Inflation & Prices
Cargo Theft Is Raising Mexico Grocery Prices by 7.6%, Study Says
This article is for subscribers only.
Cargo theft is raising grocery prices in Mexico as business leaders express concerns over growing insecurity.
In periods in which transportation theft increased for at least three months in a row, grocery prices in Mexico rose by as much as 7.6% more than they otherwise would, according to a study by AI27, a security and logistics firm based in Mexico City that relies on artificial intelligence. There was an increase in theft from November 2023 to February 2024, suggesting it could impact prices over the course of the year.