Among the products to be protected are lemon, box bread, corn tortillas, pork chops, whole chicken, milk, fried, beef steak, vegetable oil, rice, tuna and sardines, among others, such as toilet soap and toilet paper.
Villalobos reiterated that the companies’ response has been positive and anticipated that the plan would be short-term, until the end of the year. According to the official, the Ministry of Finance will be in charge of defining other details of the plan, although he did not specify when it would come into effect.
Today, in his morning conference, President Andrés Manuel López Obrador announced that this plan will be announced next Wednesday.
“All this is just being outlined because we are talking with the producers, who have been sensitive, have been participating with Rogelio Ramírez de la O, Secretary of the Treasury, everyone has been willing; carriers, all those who have to do with the fact that we can lower prices to consumers without imposing anything”, commented the president.
Previous administrations have tried to cut prices to deal with soaring rates of inflation, as when a debt crisis hit the economy in the 1980s or when a rise in corn tortilla prices in 2007 sparked massive protests.
With information from Reuters.
