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May 5, 2022
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AMLO and Treasury present plan to combat inflation in Mexico

AMLO and Treasury present plan to combat inflation in Mexico

The increase in grain production will be done through the “Sowing life” and “Production for Well-being” programs, in addition to extending support in the distribution of fertilizers to 9 states of the Republic. This measure seeks to expand production by up to 2 million tons.

“The delivery of fertilizers is an integral part of this strategy and as part of that we are also eliminating the compensatory quota for the importation of ammonium sulfate,” added Ramírez de la O.

The president of Mexico said that the sharp increase in prices is mainly due to external factors such as Russia’s invasion of Ukraine.

López Obrador said that he perceives the price increase through the consumption of tortillas, whose kilo is currently around 20 pesos.

The plan also has other axes such as the distribution that contemplates increasing the safety of the roads and thus prevent the theft of these foods.

The government will also make a bill of lading exemption by the Tax Administration Service (SAT) to those who provide said products. Rogelio Ramírez de la O promised to do not raise the price of railway fares.

Regarding the measures in foreign trade, the Treasury said that there will be a tariff exemption those who export these foods and supplies.

The government seeks to constitute the strategic corn reserve. “We can do it because we have storage capacity and Segalmex has purchasing capacity,” said the Treasury secretary.

The Treasury said that these measures were joined by businessmen such as Carlos Slim, who offered to do not raise the price of the fares phones this year.

“I want to thank the collaboration of businessmen, of merchants because they agreed to participate voluntarily and that helps us all,” said President López Obrador in his morning conference.

These are the companies that joined the plan to combat inflation

President López Obrador said that these are some of the companies that joined the plan to combat inflation.

Telmex. It will not raise the price of your telephone rates.

Bimbo group. It will keep the price of large white bread.

Other companies that are going to participate, but without detailing how it will be done, are: Walmart, Chedraui, Soriana and Gruma. Tuna producers will also participate.



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