The plan by Abbott, left, is outside his jurisdiction, says López Obrador.
President López Obrador on Friday described Texas Governor Greg Abbott’s plan to use state security forces to detain illegal immigrants as “vulgar” and “immoral.”
Abbott on Thursday issued an executive order “authorizing and empowering the Texas National Guard and the Texas Department of Public Safety to apprehend illegal immigrants who illegally cross the border between ports of entry and return them to the border,” according to a press release.
“While President Biden refuses to do his job and enforce the immigration laws enacted by Congress, the state of Texas is once again stepping up and taking unprecedented action to protect Americans and secure our southern border,” the governor said.
López Obrador told reporters at his regular news conference that “it is not [Abbott’s] legal responsibility to make that decision” but one of the federal government.
“Even though we are respectful of the sovereignty of other countries, we see that there are anti-immigrant campaigns for electoral purposes. I consider it immoral, political,” he said.
“… Doing this is very vulgar and it doesn’t have a legal foundation because it’s not up to [state authorities],” López Obrador said. “I’m sure that President Biden doesn’t approve … and the State Department is already questioning the measure,” he said.
Abbott’s executive order came less than two week after 51 mainly Mexican migrants perished after being trapped in stifling conditions in a tractor-trailer found abandoned in San Antonio, Texas. The Republican governor is vying to win a third term at an election against Democratic Party candidate Beto O’Rourke in November.
The United States is currently seeing record numbers of migrants arriving at its southern border. There were 1.7 million encounters between United States Customs and Border Protection personnel and migrants in the 2021 U.S. fiscal year, an increase of 77% compared to 2019. In the first seven months of the current fiscal year, encounters were up 73% and had already exceeded numbers for the entire 2019 fiscal year.
The press release issued by Abbott’s office said “the Biden administration’s decision to end Title 42 expulsions [to stop the spread of the coronavirus] and the Remain in Mexico policy has led to historic levels of illegal crossings, with 5,000 migrants being apprehended over the July 4th weekend, creating a border crisis that has overrun communities along the border and across Texas.”
López Obrador asserted that the executive order Abbott believes will help address that crisis won’t win him votes among migrants in Texas.
“I don’t believe that the migrants who have … contributed to the construction of that great country, … [including] of course our compatriots will like this anti-immigrant policy, it’s an aberration,” he said.
Street vendors in traditional dress was the first-place winner in Michoacán's photo contest.
The government of Michoacán has announced the winners of its Soul of Mexico photo contest celebrating the traditions and beauty of the state’s Easter Week celebrations.
The photos were published to the state’s Instagram account and the winners were determined by the number of likes they received.
First-place winner Christian González received over 4,200 likes for her photo of a young girl and an older woman selling vegetables in the street while wearing traditional dress of the region. She won a 15,000 peso gift certificate for the Casa de las Artesanías de Michoacán, a state institution dedicated to the direct sale of the crafts from artisans to the public from the state’s seven different sociocultural regions. González also won a two night hotel stay for two people and a dinner for two in Morelia.
Second place winner was Cesar A. Laredo with his photo of a young boy dressed in a traditional Day of the Dead costume and face paint with the setting sun behind him. Laredo won a 10,000 peso gift certificate, a one night hotel stay and dinner for two.
A young boy in a Day of the Dead costume placed second.
César Vázquez’s third place photo of the Easter Week procession won him a 5,000 peso gift certificate, while Veriz Hernández and Itzel Victoriano where also recognized in fourth and fifth place for their photos of a man and a fireworks tower and a flatbottom boat in the foreground of an expansive body of water.
The photos will be used to promote tourism to Michoacan, in particular its special Easter Week celebrations which are a longstanding tradition for tourists from around the world and include an extensive list of activities in each of the state regions.
A photo of an Easter Week procession won third place.
Vehicles are backed up behind a roadblock by TikToker Fofo Márquez, left, in Guadalajara on Thursday.
A young social media influencer attracted criticism after boasting that he had shut down a busy road in Guadalajara by parking luxury cars across all three lanes.
“Look, I closed periférico just for me, showing once again what money and power can do in Mexico. … People are very annoyed,” said Rodolfo Márquez, better known as Fofo Márquez, in a video posted to his TikTok account on Thursday.
Although he claimed to have shut down the Guadalajara ring road, he was in fact on the Matute Remus bridge, which is on Lázaro Cárdenas Avenue and is not part of periférico. “I closed it because I wanted to,” he said in another video.
Márquez’s TikTok account, which was followed by almost 800,000 people, was apparently deleted between Thursday and Friday, but footage of the popular influencer on the bridge remains online.
— RAMIRO ESCOTO DIGITAL (RED) (@Ramiro_Escoto) July 8, 2022
Some social media users criticized him for exacerbating traffic problems in the Jalisco capital, while one Twitter user called Márquez a “headless imbecile” and called on others to stop making “stupid people” famous by following them.
Fofo’s social media success is built on his self-aggrandizing boasts about his wealth. Champagne, nightclubs, fast cars and female models have all featured in his popular TikTok videos.
Márquez claims to be the heir to a significant fortune which, according to one report, was made in the footwear industry. He has previously attracted attention – and criticism – for faking his own death.
In an attempt to develop more inclusive tourism, 134 restaurants in the northern state of Coahuila have signed on to an initiative that will provide Braille menus in their restaurants for the visually impaired.
The new menus are already in use in Saltillo, in the state’s northern region referred to as Carbonífera, and in Torreón. Next up will be Arteaga, Monclova, Parras de la Fuente, Cuatro Ciénegas and Ciudad Acuña.
The initiative is led by Coahuila’s Ministry of Tourism and Development of Magical Towns and the Sustainable Tourism department of the state’s Ministry of Tourism (SECTUR). Mexico’s National Institute of Statistics and Geography reported in 2010 that 37,000 residents of Coahuila are either blind or visually impaired.
SECTUR has offered any restaurant that wants to participate the option of sending a version of their menu in a Word document and SECTUR will print and deliver copies in Braille.
The menus are just one facet of a larger project to develop and expand ways to make the state’s restaurants, hotels, and attractions more accessible for everyone. Beyond the moral obligation to cater to all residents, inclusive tourism just makes good business sense, explains Tourism Minister Azucena Ramos.
“It’s to satisfy a demand that exists in the market, to increase competition and the growth of destinations and tourism business where handicapped and special needs people are increasingly demanding their own participation in tourism activities,” said Ramos.
A sensitivity training workshop in March helped identify and take advantage of opportunities to create more inclusive tourism. Other state initiatives include providing wheelchairs for residents who need them, providing handicapped residents with special identification cards, and hosting various public workshops on creating inclusive public spaces.
The Laysan albatross, named for an island in Hawaii, now thrives on Mexico's Isla Guadalupe thanks to the removal of invasive species. GECI
Many of Mexico’s Pacific islands were once home to vast colonies of birds before human beings appeared on the scene … accompanied by rats, cats and goats, just to name a few of the invasive species that soon wiped out the seabirds.
Twenty-four years ago, a group of concerned Mexican biologists decided to do something about it. They formed a nonprofit organization called the Ecology and Island Conservation Group (GECI) and began the long, slow task of restoring the islands, one by one, to a semblance of what they had been before invasive species turned their ecosystems upside down.
Although the task was daunting, they have succeeded admirably.
“We have been able to turn things around on 39 of Mexico’s islands,” I was told by GECI’s executive director, Federico Méndez. “Our organization — which was founded in 1998 — began with a special focus on northwestern Mexico because here we find the biggest concentration of islands and the greatest number of species in trouble … along with, of course, the greatest number of invasive species, the most problematic of which are mammals like feral cats, rats, mice, sheep, goats, wild dogs, wild donkeys and rabbits. These have caused extinctions on islands all around the world and Mexico is no exception. Our country has lost 24 species and of those 24 species that will never come back, 21 of them were island dwellers. Of these, 17 were wiped out by imported animals like cats and rats. So 70% of the extinctions in Mexico were caused by invasive mammals on islands. This is why our organization is doing what it’s doing.”
An intrepid biologist squeezes among the rocks to check a nest. Alejandra Fabila
After nearly 25 years of hard work, GECI was successful in removing 70 populations of invasive species from 39 of Mexico’s Islands. “We started in the islands of the northwest,” continued Méndez, “including well-known sites like Guadalupe Island. Then we began to explore other areas like the Gulf of California and the Mexican Caribbean.”
Méndez gives credit to what he calls the pioneers in eradicating invasive species: countries like Australia and New Zealand, which are islands and depend on their biodiversity for nature tourism. “Here in Mexico,” he said, “we are almost on a par with them in this kind of work. We have seen more than 200 species come back in every category: birds, mammals, reptiles, plants — all thanks to the simple removal of invasive species.”
Once the invaders have been removed from an island, the question arises: will the original inhabitants come back?
I put the question to GECI’s Yuliana Bedolla, who specializes in seabirds.
Yuliana Bedolla, director of GECI’s Seabird Project, is studying for her doctorate in Germany.
“This is our special concern,” she said. “Many species of birds that were killed off by cats or rats ended up with the impression that these islands were no longer safe. In some parts of the world we know that — after the elimination of the cats or rats — the birds have returned, but here in the Pacific this process seemed to be taking an awfully long time, so we began to use ‘social attraction techniques.’
“These were first tried in the USA and now they are being used practically everywhere in the world. They have been wonderfully successful! So we have been promoting their use here in Mexico. The idea is to create artificial colonies, taking advantage of the fact that seabirds like to congregate in large groups. So we create decoys, life-like representations of the birds in positions of repose or courtship. We also use mirrors to create the impression that there are lots more birds around. Along with the decoys and the mirrors, we use sound. These are recordings made in well-established colonies. In the case of those seabirds which nest underground, or in the spaces between rocks, we install small boxes which they like to use for their nests.”
Bedolla said the audio recordings are used during the nesting season, which in many cases is spring. “We have an amplifier and loudspeakers together with solar panels to provide power. Of course we play these sounds by day or by night, depending on when that species is active. So we set up the equipment in spring and turn it off in summer or autumn, once the birds have left the island. The social attraction techniques give the birds the impression that this island they’ve come to is a nice safe place where they can nest every year.”
Bird lovers around the world are amazed at the transformations that have taken place in Mexico’s islands thanks to these techniques.
Pairs of albatross decoys simulating courtship rituals were placed on Isla Guadalupe by GECI. GECI/J.A. Soriano
In Isla Rasa, for example, rats were eliminated and very soon, elegant terns and Heermann’s gulls came back to breed.
Isla Guadalupe, better known in English as Guadalupe Island, was once home to more endemic bird species than any other island off the Pacific coast of North America, before they were decimated by invasives. But recently, something marvelous has happened. Once goats were removed, Guadalupe’s vegetation rebounded and a colony of Laysan albatrosses materialized out of nowhere. Soon, populations of auklets, murrelets, storm petrels, gulls, terns, boobies, pelicans, and cormorants began to reappear as if by magic.
In July 2021, GECI and Hawaii’s Pacific Rim Conservation flew 21 black-footed albatross eggs 6,000 kilometers from Hawaii to Isla Guadalupe on a commercial airline, because their home beaches were flooded. Eighteen eggs hatched and the albatrosses are faring fine. More egg rescues are being planned.
Once invasive species have been removed and seabirds have been lured back, GECI has to make sure the invaders don’t reappear.
Poster showing a few of the creatures now flourishing on Isla Isabel thanks to the removal of invasive species.
“For this,” Federico Méndez said, “we have special biosecurity programs to assure that the fishermen, sailors or tourists are not bringing in something dangerous. For example the boats could be harboring a rat, or shoes could be contaminated with seeds. The success of all this depends on teamwork, of close communication and collaboration with the local people.”
“All this is complicated,” Méndez said. “We have to work with the local people, we have to work with the government and we have to respect the particular character and reality of each island or archipelago. In reality, each one has its own protocol. Meanwhile, reinfection is always a worry. Just one pair of rats could fill an island with 5,000 descendants in only a year.”
A dramatic example of the lengths to which islanders might go to catch just one rat and prevent reinfection occurred on Isla Natividad in 2019.
In the wee hours of the night, a local resident had shone his flashlight in his shrubbery and spotted a lively and healthy Rattus rattus, a black rat. He was shocked. Like all the residents of Natividad, he knew his island was home not only to auklets, cormorants, pelicans, osprey and herons, but also to the planet’s largest colony of black-vented shearwaters, of which every soul on the island was immensely proud.
A biologist monitors a month-old shearwater chick during the great rat chase on Isla Guadalupe. GECI/J.A. Soriano
So began the great rat chase.
Soon, every family on the island was setting rat traps and GECI brought in Merlina, a rat-sniffing dog.
Merlina and a camera trap eventually confirmed it: yes, there truly was a Rattus rattus on the island.
Now the competition was on. Tomahawk cage traps, Sherman metal box traps, camera traps, T-Rex traps, and every sort of trap known to humanity was employed by Natividad residents, along with 13 experts from GECI. They had to work around the clock just to keep all the traps functional.
Fishermen’s homes on Isla Isabel. Small communities like this one can be found on even the most remote islands. John Pint
Every soul on the island wanted to be the one to catch the rat, which had now been named “Chapito” after the wily drug trafficker who had once been so clever at avoiding capture.
This went on for six long months, and then … Well, to find out what happened and to fully appreciate this delightfully written, well-illustrated story, I urge you to read the AudubonMagazine article “How to Catch a Rat,” which is accessible online for no charge.
You may also want to check out the stunning images in GECI’s online photo gallery where you can pay a virtual visit to five of Mexico’s “restored” islands, without getting your feet wet.
The writer has lived near Guadalajara, Jalisco, since 1985. His most recent book is Outdoors in Western Mexico, Volume Three. More of his writing can be found on his blog.
A seabird specialist from GECI installs artificial burrows for Cassin’s auklets on the steep slopes of Isla Coronado. GECI/J.A. Soriano
A masked booby with its chick. GECI
The albatross has the greatest wingspan of any species of seabird. The wings of this Laysan albatross measure over two meters. GECI/J.A. Soriano
There are conflicting reasons as to why large numbers of dead fish have recently washed up on the Nayarit coast: a biologist says that toxic algae is to blame, but a Civil Protection official believes that a lunar eclipse is the culprit.
Dead fish have appeared this week on beaches in municipalities such as Santiago Ixcuintla and San Blas.
Mario Alberto Ortiz Jiménez, an academic at the Technological Institute of Tepic, said on social media that the decomposition of toxic microalgae is causing the fish to die.
“The [U.S.] National Oceanic and Atmospheric Administration has reported high levels of chlorophyll … off the northern coast of Nayarit since June 28. The high concentration of chlorophyll corresponds to a high proliferation of microalgae. Microalgae are often toxic and upon dying they decrease the concentration of oxygen in the water, causing fish to die, as occurred … on Playa El Colorado,” he wrote, referring to a beach on the Santiago Ixcuintla coast.
Peces muertos tapizan playa #ElColorado en Santiago Ixcuintla, en Nayarit; ninguna autoridad ha informado a qué se deba este fenómeno. Desde enero se han visto peces muertos en playas de Compostela, Bahía de Banderas y Puerto Vallarta, situación que achacan a la #MareaRojapic.twitter.com/qz5p35cEJe
Ortiz said that rain is causing excess fertilizer from agricultural fields to flow into the ocean, “where it fertilizes the microalgae.”
“If that wasn’t enough, discharges of wastewater from Tepic … provide more nutrients for the microalgae, aggravating the problem. Earth is a system that is very sensitive to human activity. Anything we do will end up affecting our Earth’s ecosystem,” he added.
But Santiago Ixcuintla Civil Protection director David Estrada Mariscal reached a different conclusion, saying that the appearance of dead fish on beaches was due to a recent lunar eclipse. He indicated that the eclipse caused the fish to die and to wash up on the beach, an opinion that he formed after discussions with local fishermen.
“Due to the effect of the eclipse … dead fish began to wash up on the beach,” Estrada said.
According to a report by NTV Noticias, he was unable to say exactly when the eclipse occurred. The most recent total lunar eclipse occurred in mid-May.
Estrada conceded that a red tide, or harmful algal bloom, could have caused the fish to die, but said there was no record of such a phenomenon having occurred, indicating that he was oblivious to Ortiz’s explanation.
The president's plane raffle took place two years ago and a Puebla school was one of the winners.
A primary school in the state of Puebla that won 20 million pesos (US $950,000 at the time) in the much-castigated “raffle” of Mexico’s presidential airplane two years ago is now experiencing some major turbulence.
Approximately 40% of the prize money is in danger of going down the drain, having been spent on an ill-fated construction and rehabilitation project, and there has been no public accounting of spending, the newspaper El Sol de Puebla reported this week.
The actions have left many staff and parents affiliated with the Manuel Pozos Primary School in Xochiapulco wondering what has been paid for so far and what’s the status of the rest of the prize money.
Many will remember back in 2020 when President López Obrador, then in the early stages of his term, wanted to raffle off the country’s presidential jet — a luxuriously outfitted Boeing 787 Dreamliner estimated to be worth US $130 million — because it was an “insult to the people” and an “example of the excesses” of the two previous administrations.
But when the raffle of a plane that he said was worth US $200 million turned into more of a joke than a feasible undertaking, AMLO switched gears and turned it into a lottery for the people. Then the lottery turned into something of a joke as well, with a lack of interest prompting the government to step in and buy 1 million cachitos (lottery tickets) for about US $23.7 million.
In the end, there would be 100 prizes of 20 million pesos each, and no one would “win” the airplane.
Three schools in Puebla ended up holding winning tickets, including Manuel Pozos. Everything seemed great. The school began an expansion and improvement project valued at 8 million pesos; classrooms, bathrooms and the cafeteria were to be renovated, and another room was going to be turned into an auditorium.
But now, charges of fraud are flying left and right. The construction company hired to carry out improvements abandoned the project last month, without a reason, and the school committee responsible for the deal is apparently washing its hands of everything. Reportedly, 96% of the cost of the project has already been paid, although parents who are members of the committee haven’t explained in detail what the money was spent on or why the work has stopped.
At a recent assembly, teachers and community members announced they would file a lawsuit against the company in addition to requesting an audit. There will also be an inquiry into a “series of irregularities” among committee members at the school, which is located in the Northeastern Sierra of Puebla.
“Unfortunately, there have been countless inconsistencies with the committee that was formed,” said teacher Erasto Pérez Bedolla. “Pertinent information has not been released.” The construction company, he added, “has left the work thrown away, but it has taken almost 8 million pesos.”
Some at the assembly also charged that the safety of the students is at stake: There are exposed wires, open pits, piles of discarded odds and ends, and other waste and materials on the campus. Also, Pérez Bedolla charged, the first rains of the season exposed leaks, runoff and the pooling of water around campus.
Apparently, administrators and parents did receive a general description of expenses, but it’s an unworthy document, Pérez Bedolla contended, because it didn’t break down the costs or convey what works have been accomplished.
After the bear's big fall on Tuesday, the Coahuila Environment Ministry released video of the young animal resting and eating. SMA / Screenshot
A 2-year-old bear is resting and awaiting medical treatment after it fell over 15 meters from a tree when members of the Coahuila Environment Ministry (SMA) tried to capture it on Tuesday.
The same bear had been seen twice previously near the Lomas de Lourdes neighborhood in southern Saltillo before being captured on June 10 and set free in the Sierra of Zapalinamé, a protected mountain range to the south of the city.
Around midday Tuesday, a local couple living, ironically, on Calle Retorno de los Osos (Street of the Bears), saw a young bear come into their yard and start climbing trees. So they called the SMA to come and rescue it.
Upon arriving at the scene, the state workers discussed letting the animal come down in its own time at night, but one ministry employee instead shot the bear with a sedative dart. The SMA team had not set up a net to catch the animal and within only about three minutes the sedative took effect and the animal fell to the ground, narrowly missing a concrete wall. Team members said they were not expecting the sedative to act so fast in the young bear’s system.
“It fell on the ground, no problem, it’s doing well. In the wild they fall like that, but we’ll check it anyway,” Environment Minister Jorge Guerrero said.
The couple who reported the bear commented that they called the SMA thinking that they had experience in this type of rescue and were dismayed that the government workers allowed the bear to fall from such a height with no safety net below it.
After its fall, the bear was transferred to a state facility where a veterinarian recommended that it rest and that its caregivers keep it hydrated. The SMA released a video Friday morning of the bear moving around on its own and eating inside a cage. The bear is scheduled to receive further medical attention Friday afternoon as well as X-rays to see if it has suffered any internal injuries.
Mexico’s narco-tunnels pioneer has been behind bars since he was captured for a third time in 2016, but his clandestine cross-border construction legacy lives on.
The army has discovered 14 tunnels on Mexico’s northern border since former Sinaloa Cartel leader Joaquín “El Chapo” Guzmán was taken into custody in Los Mochis, Sinaloa, in January 2016. The National Defense Ministry told the newspaper Milenio that six of the tunnels were found in Tijuana, Baja California, including one that measured a lengthy 1.3 kilometers.
The two most recently discovered tunnels, both of which are in Tijuana, were built in the “Chapo style,” according to a report by Milenio. One was located on a supposedly abandoned parcel of land in the Nueva Tijuana neighborhood in May, while the other was found just 50 meters away on another property in June.
Both measure about 300 meters and were built at a depth of approximately 25 meters. They were made with steel beams to avoid any possibility of a collapse and have tracks along which carts can run. They also have electrical lighting and ventilation, and authorities believe they were used to move drugs, weapons and people.
The end of the line: packages of drugs are stacked up at the terminus of a narco-tunnel.
Milenio said the construction method used is very similar to that employed to build the tunnel through which Guzmán escaped from the El Altiplano maximum security prison in México state in 2015. As a result, it is believed that the Sinaloa Cartel built the twin cross-border tunnels, and at least some of the others found by the army since 2016.
In the past six years, the army has also discovered three narco-tunnels in Mexicali, two in Nogales and one in each of Tecate, San Luis Río Colorado and Matamoros. That in San Luis Río Colorado is also among those that have similar engineering to Chapo-style tunnels. When it was discovered in 2018, a military source described it as being “perfectly built,” equipped with ventilation and lighting systems, and its walls and ceiling covered with wood. It also had tracks along which small carts could run.
Mexican and United States authorities have identified José Sánchez Villlalobos – known as “the lord of the tunnels” – as the mastermind behind their design, but Guzmán is considered the pioneer of their use to move contraband into the U.S.
Sánchez, who was recently released from prison in the U.S. after serving a 10-year term, admitted to planning, financing and supervising the construction of “multiple” cross-border tunnels from 2010 to 2012, as well as overseeing their operation as smuggling conduits, according to a report by The San Diego Union-Tribune. Milenio said the former Sinaloa Cartel member – who was once considered a close confidante of El Chapo – had admitted to involvement in the construction of over 100 tunnels.
United States Ambassador Ken Salazar said in May that there are over 200 smuggling tunnels in the Tijuana-San Diego area alone. He said U.S. authorities are working with the Mexican government to “eradicate these tunnels that shouldn’t be there.”
The first Mexico-United States narco-tunnel was discovered in 1990. The brainchild of El Chapo – who is serving a life sentence in prison in the United States after being tried on drug trafficking charges in early 2019 – the 60-meter-long tunnel linked Agua Prieta, Sonora, to Douglas, Arizona.
The prices of 17 basic products increased over the past three months despite the federal government’s announcement of a six-month anti-inflation plan in early May.
The plan, formally called the Packet against Inflation and High Prices (PACIC), and successive interest rate hikes have been unable to curb inflation, which reached a 21-year high of 7.99% in June – more than double the central bank’s 3% target. Food prices were up by an even higher 13.4%, according to data from the national statistics agency INEGI.
Of the 17 basic products whose prices increased between April and June, oranges recorded the biggest hike. Their price rose 49.7% in the space of just three months, while potatoes were 44.2% more expensive at the end of June.
The other 15 products whose prices rose were:
Tomatoes +7%
Bread +5.1%
Vegetable oil +4.9%
Eggs +4.3%
Chicken +4.3%
Pork chops +3.6%
Pasta for soup +2.8%
Toilet paper +2.5%
Canned tuna and sardines +2.4%
Soap +2.3%
Milk +2.2%
Corn tortillas +1.7%
Beans +1.2%
Rice +1%
Beefsteak +0.6%
In contrast, prices for limes, onions, fresh chiles, sugar, carrots and apples all decreased over the past three months, although the reductions were minimal in the cases of the last three. Limes, whose price was up more than 150% in annual terms in January, easily recorded the biggest reduction, with their cost dropping 48% between April and June. The price of onions declined 24% while chiles were 2% cheaper at the end of last month.
Luis Adrián Muñiz, deputy director of economic analysis at the brokerage firm Vector, said that PACIC has had almost no impact on prices. One of its key tenets is the promotion of increased production of staple foods, but boosting output will take time.
The only way to reduce prices in the short term is to introduce price controls, Muñiz said, but caps are not desirable due to the distortions they would likely generate in the market.
James Salazar, an economist with CI Banco, agreed that “in terms of curbing inflationary pressures, the reach of PACIC is very limited.”
The only effective inflation-fighting measure has been the gasoline subsidy, “but its cost is very high,” he said. Reducing inflation by boosting supply of consumer products will take a considerable amount of time, Salazar added.
“What could help is a reduction in inflation in the United States or a decrease in the international prices of some supplies, which is seen now in the case of some metals and agricultural products without it yet being a trend. This would bring a greater benefit than [that brought by] any government measure that seeks to suppress inflation,” he said.
The central bank predicted in late June that headline inflation, which doesn’t strip out volatile food and energy prices, will increase to 8.1% in the third quarter before falling to 7.5% in Q4. It forecasts further declines in all four quarters of next year, with an anticipated headline rate of 3.2% at the end of next year and 3.1% in Q1 and Q2 of 2024.
In addition to inflationary shocks stemming from the pandemic, the Bank of México said there were inflationary pressures associated with Russia’s invasion of Ukraine and strict lockdown measures imposed by China to slow the spread of the coronavirus. Widespread drought in Mexico has also affected the availability – and prices – of some fresh food items.
The Vector brokerage house similarly predicts that inflation will peak at 8.2% this quarter before it begins to slowly fall. Citibanamex chief economist Adrián de la Garza also anticipates a peak in the July-September quarter, as well as stubbornly high inflation in the last three months of the year.
“We think that inflation will peak in around August or September and it should remain at levels of about 7.5-8% for the rest of the year,” he said.
Following are products that have recorded the biggest price increases in the 12 months ending June 30.