Food price hike in Mexico

The food price hike continued in Mexico Wednesday, attributed to the increase in production costs for chicken, meat and pork meat.The information published said the increase applied by chicken, meat and pork meat producers reached up to 53 percent.

Under the pretext they have had to pay more for inputs like breeding, feeding and transportation, big producing enterprises put new price tags, affecting the population.Only in the last month, the cost of a kilogram of chicken meat, which is the most consumed in the nation, went from 1.70 to 2.60 dollars.

However, Mexican newspaper La Jornada published that in small and great marketplaces in Mexico City (Federal District) and the Metropolitan Area, the price for a kilogram of chicken meat is sold between 4.40 and 5.00 dollars.

The Consumer Federal Prosecutor Office said this product is sold at 4.99 dollars a kilogram starting from last Sunday.The most modest purchase offers for meat and pork meat started to increase last weekend, starting from 5 percent extra, and new increases are expected.

The prices are now between 7.40 and 8.00 dollars the kilogram in the case of meat, and 3.40 and 3.80 dollars in the case of pork meat.The increases may influence in the fulfilment of the previsions made by the Bank of Mexico on inflation for the present year and the next.