A one-time government increase in Mexican gasoline prices in January of next year could delay the expected slowdown in inflation, but the central bank says a new government policy on energy prices will help in the long run to meet its 3% inflation target.
The Mexican government sets gasoline prices, and in recent years has been raising them by a small amount each month to reduce the level of government subsidy. Starting next year, the price will be raised in line with expected inflation. And in coming years Mexico will move toward allowing markets to set the prices under . . .
This independent news site is supported by subscribers.
Login now, or subscribe today. As a premium subscriber to our independent news site, for as low as .10 cents per day, you'll unlock full news coverage of the events that shape our city, exclusive interviews with local influencers, and in-depth reports that get to the heart of Puerto Vallarta's unique challenges and triumphs, while also learning more about news throughout Mexico that makes a difference. Help us sustain the future of independent journalism in Puerto Vallarta. It's a small market so advertising doesn't make a dent in the costs, but you can help! Subscribe today and become an essential part of the conversation.
