Guadalajara Reporter

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Nov 05th
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Inflation on the rise

A University of Guadalajara (UdG) study last week revealed inflation reached 4.18 percent in the metropolitan zone in the first half of the year.

This was significantly higher than the inflation of 2.10 percent and then 2.88 percent estimated by the Banco de Mexico in the previous two six-month periods.

According to UdG investigator Hector Luis del Toro Chavez, who carried out the study, an average family would require a monthly income of 14,536.80 pesos (eight times the minimum wage of 1,817.10 pesos per month) to cover basic costs of living in Guadalajara.

Of 121 consumer products checked in the UdG survey, 103 had gone up in price. Of these, 55 percent had risen by more than the average of 4.18 percent.

Beef, fish, poultry, legumes and chilis are the items that have increased the most, while the price of eggs is currently skyrocketing (see story page 6) due to the avian flu outbreak in Jalisco.

 

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