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Mexico - May 2022
Gov’t anti-inflation plan likely to have limited impact
On 4 May, Mexico’s President Andrés Manuel López Obrador unveiled a plan to limit the extent of rising prices of foodstuffs and other basic goods. When López Obrador first announced he was seeking to address the impact of inflation, business groups and specialists raised concerns that the government may try to impose price controls, which create significant market distortions. However, the measures proposed in the package against inflation and high prices (Pacic) largely focus on supply and on reducing costs in order to increase competitiveness.
- Introduction
- Violent crime encroaches on tourist hotspots
- Water scarcity looms large in northern Mexico
- Trade stifled on US border amid migration dispute
- Uncertainty remains despite electricity reform rejection
- Gov’t anti-inflation plan likely to have limited impact
- Slow progress for ambitious railway projects
- Economic highlights