Sheinbaum celebrates falling inflation in Mexico, predicts more investment

Mexican President Claudia Sheinbaum celebrated a recent drop in inflation, announcing that the rate has fallen below 4% according to the National Institute of Statistics and Geography (Inegi).

During her daily press conference at the National Palace, Sheinbaum attributed the success to sustained efforts to control prices. She highlighted measures such as stabilizing gasoline and diesel costs, and working with tomato producers to lower prices at central markets. "3.94%, below 4%. Inflation continues to decrease," she stated.

The president linked the economic stability to growing confidence in Mexico, citing the peso's strength as evidence. "If there were no confidence in Mexico, the peso would not be as it is," she remarked. She expressed optimism for the country's economic future, predicting a "very good" second half of the year with increased investment due to "legal certainty."

Economy Secretary Marcelo Ebrard echoed this sentiment, affirming that the "Plan México" is on track and that the government is experiencing a "very high pace of foreign direct investment." He noted that Mexico is in a "much more favorable condition" with falling inflation and rising exports. Ebrard also mentioned upcoming T-MEC negotiations with the United States, stating they are well-prepared.