Profeco highlights inflation at its lowest level in 5 years; guarantees stability in fuel prices

Mexico's general inflation rate reached its lowest point in five years, standing at 3.37% in June, according to the Federal Consumer Protection Agency (Profeco). This marks a significant decrease from previous months, with the National Consumer Price Index showing a consistent downward trend.

Profeco attributes this stability to several factors, including the sustained program that caps the basic food basket at a maximum price of 910 pesos. Additionally, strategies to stabilize prices for regular gasoline and diesel have contributed to the decline. The agency reported that 85% of service stations are selling diesel below 27 pesos per liter, while vigilance continues for the remaining stations to ensure fair competition.

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The general inflation in Mexico stood at 3.37% during June, its lowest level since December 2020, a result to which the stability in fuel prices and permanent monitoring of basic goods have contributed.

Specific examples of price reductions were noted for essential food items. In June, the price of tomatoes decreased by nearly 39%, jalapeño peppers by about 14%, and lemons by almost 9%. A package of 18 eggs also saw a reduction of over 7%. Other products like poblano peppers, serrano peppers, grapes, and cucumbers also registered price drops.

Profeco also highlighted price variations in the basic food basket across different retailers. The Chedraui store in Aguascalientes offered the lowest price at 748.50 pesos, while a Walmart in Culiacán sold it at 910.30 pesos, just above the established maximum. The agency encourages consumers to use its "Who's Who in Prices" tool to compare costs before purchasing.

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85% of service stations are selling diesel below 27 pesos per liter, while the remaining 20% maintain prices above a reasonable margin, so Profeco will continue with surveillance to guarantee fair competition.