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López Obrador agrees with businessmen to maintain prices of basic products

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The president of Mexico, Manuel Lopez Obradorpointed out that they reached a unanimous agreement with the private sector to maintain the prices of basic products and fight inflation, for which they will present a plan next Monday.

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“The unanimous agreement was reached to maintain prices without increases in basic productsfood, we reached that agreement and others, the important thing is that everyone agreed to help”said the president.

López Obrador affirmed that this agreement was achieved after a meeting with businessmen in charge of basic products, who agreed not to increase the prices of certain suppliesbut ruled out a price control.

“It is not price control, that is, an agreement will be reached: this basket of 24 products, and if possible it will be expanded, it will cost so much and so much per product because they participated producersdealers, industrialthe most important in distribution”he asserted.

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He pointed out that the idea is to reinforce the anti-inflationary plan and that all the businessmen gathered, such as representatives of Walmart, Chedraui, Soriana supermarkets, promised to support said initiative.

“It is done for the country that deserves everything, so they are in a very good plan. Let’s hope (present the plan) for Monday the 3rd, because not only is this but there are other measures, but we are going to stop the inflation because it affects us all”he pointed.

I affirm that The federal government will continue to control energy prices so that the production, distribution and marketing chains do not have more pressure.

“(We told them that) the energy part depended on us and we had control and that we had to control the price of food and that we knew that the prices of inputs and raw materialbut that we could act and control inflation”, revealed.

The plan will be presented after revealing that annual inflation reached 8.76% in the first half of September, the highest figure since 2000.

The figures released reinforce the probability of another increase in the reference rate when the Bank of Mexico (Banxico) holds its next monetary policy meeting next week, whose goal is to keep the price rise at 3% per year.

READ ALSO: Amazon Web Services will continue to invest in Latin America and Mexico

Source: Gestion

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