MEXICO CITY, June 8 (Prensa Latina) President Andrés Manuel López Obrador announced today that Mexico is cutting inflation while the peso is strengthening against the dollar than ever and the economy is doing well.
At the beginning of his morning press conference at the National Palace, he announced that a comprehensive report on the subject would be prepared shortly, recalling that after the Covid-19 pandemic and the conflict between Russia and Ukraine, there had been a growth, that have had a negative impact on the situation around the world.
In Mexico, the central bank took action, made decisions, raised the interest rate, we also made agreements with producers and traders to adjust the prices of the basic basket, and that helped a lot, he said.
Fuel, petrol, diesel, gas and electricity prices have not risen, he added, thanking malls for freezing and even lowering the prices of 24 general consumer goods and this is the result.
The other piece of information, he stressed, is that the Mexican peso continues to appreciate against the dollar and is up today at 17.37 per greenback.
When we got to the government it was above 20 in December 2018 and forecasts were for it rising to 30 against the US currency and there was even one commentator urging buying foreign currencies to promote a currency run. said the President.
There are two bits of good news, he said, which in themselves suggest the economy is strengthening and there is growth and prosperity. We work and will continue to work with all Latin American countries for commercial exchanges to keep inflation from rising.
mgt/lma