Jonathan Heath sees positive effect of AMLO's anti-inflation plan

Jonathan Heath sees positive effect of AMLO’s anti-inflation plan

The program, announced at the beginning of May and with a duration of six months, focuses on basic foods and includes the expectation of increasing the production of grains such as corn, beans and rice, and rules out the application of price controls.

“Any help is welcome, we’re not going to say no,” Heath told Formula Radio. “We think the effect may be positive but not very large,” he added.

As part of the plan, on Monday the Government published a list of foods whose payment of import tariffs will be temporarily eliminated, such as eggs, meat, fruits and vegetables, white corn, rice, wheat flour and meat, among others.

President Andrés Manuel López Obrador lamented this weekend that inflation affects the poorest in Mexico due to the rise in food prices, but said that his government is already working to solve it.

“40 years ago, a minimum wage was enough to buy 50 kilos of tortillas, 50 kilos of tortillas! When we arrived, it was enough to buy five kilos. And we have increased the minimum wage by 70% in real terms and raised the tortilla salary, from five to nine Ah, but with inflation it has already dropped to seven kilos!

“It’s just to get an idea of ​​the damage that inflation does, because we can have more income, but we have to pay more for what we consume, it’s a terrible tax that affects the poor, the humble people the most,” he said. Saturday when leading in Boca del Río, Veracruz, the Production Days for Self-consumption.

With information from Reuters

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