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Food prices in Mexico skyrocket

7:08 pm By Maegan La Mala · Money| mexico

9 Oct 2007

The price of the “canasta básica” — the most common staple items in the Mexican diet, such as tortillas, bolillos (bread rolls), tomatoes and sugar — has shot up 35% in just one week. This image from Mexico’s cámara de diputados speaks to the division between Mexican legislators for letting this happen.

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The massive jump in prices shown on the posters — “Tortillas, 7 pesos per kilo when this administration began; today, 8.50.” “A kilo of beef steak, from 58 to 72 pesos. A kilo of sugar, from 15 to 28 pesos” — has occurred in just a few days, and will leave Mexican families with limited resources devastated. Even worse, the price of gas and transportation (called el gasolinazo) though postponed for now, is expected to take effect in the beginning of next year.

Via / La Jornada

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