“Mexican President Claudia Sheinbaum and business leaders renewed the national Package Against Inflation and High Costs (PACIC) on Monday to maintain the price of Mexico’s basic food basket, or canasta básica.“
MND Staff
Under the agreement, Mexico’s major food and grocery companies will cap a “basket” of the 24 most common grocery items at 910 pesos (US $46.8) for the next six months.
President Sheinbaum is partnering with Mexican banks to boost credit access for small businesses, aiming for 30% financing by 2030.
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A 50 basis point cut is still on the table after inflation stayed within the national bank’s target range in April.
