Mexican President Andrés Manuel López Obrador said this Thursday (2) that his government will launch a plan to curb inflation with other Latin American governments.
López Obrador said he has already spoken with the presidents of Brazil, Argentina, Cuba and Colombia to join forces on a regional plan that seeks to eliminate tariffs to reduce food prices.
“We are going to carry out an anti-inflationary plan for mutual aid and growth, for economic and trade exchange between Latin American countries,” said the Mexican president at a press conference.
Mexico’s annual inflation for the first half of February came in at 7.76%, while the core index, which excludes some volatile food and energy prices, came in at 8.38% year-on-year.
In Brazil, the Extended National Consumer Price Index (IPCA) rose 0.53% in January, slowing down after advancing 0.62% in December, showed data released by the Brazilian Institute of Geography and Statistics (IBGE). The index accumulated in 12 months until January an increase of 5.77%.
Source: CNN Brasil
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