Mexico City, Mexico — Mexico’s president highlighted the decrease in inflation to 3.72 percent during the first half of December. On Tuesday, President Claudia Sheinbaum Pardo highlighted the decrease compared to the same period in November.
She said in November, Mexico’s inflation stood at 3.99 percent, according to the National Institute of Statistics and Geography (Inegi). However, now, it is 3.72 percent.
During her morning press conference, she also highlighted the 10 percent rebound in economic activity during October, the best performance since July 2014 as well as the strength of the Mexican peso against the U.S. dollar.
She pointed out the increase in the country’s minimum wage and progress toward implementing a 40-hour work week. According to Sheinbaum, Mexico has increased its minimum wage 154 percent since 2018.
She also pointed out Mexico’s forward movement on the consolidation of the Welfare Program reporting that next year, the country’s Welfare Programs will deliver one trillion pesos to the most needy population.
“The transformation works. It yields results,” she said. President Sheinbaum says 2026 will be a very good year.
“The word well-being is synonymous with transformation,” she said adding that the majority of the people are in favor of continuing social justice actions that benefit the poorest.
“We have shown that even when economic growth is not so high, people can escape poverty.”
The president pointed out that there are countries that have not reduced poverty despite having economic growth since this indicator means that there is more investment and wealth, but it is not distributed among the population.
Riviera Maya News serving Quintana Roo Mexico since 2014
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