During the first half of July Mexicali recorded an average price increase of 8.4 percent. However, food prices increased 15.1 percent, the National Institute of Statistics and Geography said.

The agency said prices increased 0.43 percent nationwide in the first half of July, compared to the previous two-week period.

Northwest Center of Economic Research Operations Director Alejandrina Barajas told La Voz newspaper that prices have mostly increased in items needed by families.

The researcher said prices have increased due to the war in Ukraine and post-pandemic economic recovery.

At the same time, Barajas told the newspaper scarcity of items and the increased demand has had an impact on product prices.

In Mexicali, the closeness to the border has also had an impact.

“Family income has decreased for consumption,” Barajas said. “Vulnerable families are the ones more impacted by these effects.”

According to the specialist, the price increase has surpassed all expectations.

Also, she said inflation rates will continue next year. The Mexican agency said potatoes, squash, onion, eggs and cereal have seen the largest price increase.

Leave a Reply

Your email address will not be published. Required fields are marked *