Mexican President Notes February Inflation Decrease
“We are one of the countries with the highest economic growth in the world,” asserted López Obrador during the February 22nd press conference.
President Andrés Manuel López Obrador celebrated the downward trend in inflation during the first half of February, standing at 4.45 percent, according to the report published last Thursday by the National Institute of Statistics and Geography (INEGI).
“This is very good news, very good news, and this reaffirms our belief that wages can be increased without inflation increasing, as the corrupt technocrats of conservatism deceived for decades,” he emphasized.
In his morning press conference, the president recalled that the Government of Mexico increased the minimum wage by 20 percent for this year, which strengthens the purchasing power of workers by 110 percent compared to 2018.
“We increased the wage by 20 percent. Of course, about 16 percent above inflation and nothing happened; it has nothing to do with it, a big lie, another sophism,” he added.
Contractual wages, he assured, also increased, as did the pension for the elderly, who receive 25 percent more, that is, 6 thousand pesos every two months as part of their rights.
The head of the Executive also highlighted that, according to INEGI figures, the national economy grew by 3.2 percent in the fourth quarter of 2023.
“We are one of the countries with the highest economic growth in the world,” he emphasized.
In the Treasury Hall of the National Palace, he thanked the people for their support of the Fourth Transformation Government and highlighted that a survey conducted in the 32 federal entities indicates that the President of Mexico has a 77 percent approval rating.
Soledad Quartucci | CEO/Founder, Latina Republic
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