The effect of the federal government’s anti-inflationary plan, which it presented at the beginning of last May, has not yet been reflected in any of the 32 states of the national territory.
During July of this year, the state index PACIC (Package Against Inflation and Scarcity), which measures the behavior of the prices of the 24 products in the food basket covered by the program, grew at a double-digit annual rate in all country states.
The Economist carried out the PACIC state index of each entity, through the National Consumer Price Index (INPC) carried out by the National Institute of Statistics and Geography (INEGI), in order to observe if the anti-inflationary plan of President Andrés Manuel López Obrador It already had its first effects.
The results show that the annual inflation of the PACIC was double digits throughout Mexico, highlighting Oaxaca, with a growth of 17.31% in the seventh month of the current year.
Tlaxcala (16.99%), Coahuila (16.58%), Michoacán (16.46%), Guanajuato (15.91%), Morelos (15.61%), Chiapas (15.56%), Chihuahua (15.52%), Jalisco (15.26%), Puebla (15.20%) and Aguascalientes (15.10 percent).
Between 13 and 15% were located in Hidalgo, Baja California, Veracruz, Nayarit, Colima, Zacatecas, Mexico City, San Luis Potosí, Tabasco, State of Mexico, Sinaloa, Durango, Tamaulipas and Sonora.
While with an annual variation of less than 13%, the states of Querétaro, Quintana Roo, Campeche, Baja California Sur, Yucatán and Nuevo León were placed. Guerrero had the lowest PACIC inflation, although its rate was also in double digits (11.41 percent).
This shows that the objective of the federal program, which is to lower or stabilize the price of 24 products in the country’s food basket, has not yet been met.
Oaxaca presented the highest annual inflation of the PACIC in the Mexican Republic, with 17.31% last July, which represented spinning nine months with double-digit variations.
The products of the federal program that exerted the most upward pressure in the southern state, due to their high price increases, were orange (53.05%), onion (47.71%), toilet soap (45.02%), fuel oils (43.04%) , egg (40.12%) and potato (36.23 percent).
In fact, only two products exhibited annual falls in the southern Mexican entity: beans (-0.86%) and tomato (-6.97 percent).
The construction of the state PACIC Index was carried out with the weights that the products have in the INPC, that is, they maintained the percentage of their contribution.
Of the five products with the highest weight in the state PACIC Index, which account for 59.4% of the weighted total, Aguascalientes showed the highest annual increase in the price of beef with a rate of 20.76% in July.
Morelos had the highest growth in corn tortillas with 21.19%, Guanajuato in chicken with 27.79%, Colima in milk with 20.20% and Tlaxcala in eggs with 49.52 percent.
It stands out that the egg is the product that gives Mexican entities the most pressure, a frequent dish on the household table, whose price increase exceeds the 20 percent threshold.
For example, the lowest growth rates were in Tamaulipas (23.32%), Quintana Roo (22.93%) and Campeche (21.26 percent).
Meanwhile, the highest increases occurred in Tlaxcala (49.52%), Durango (48.26%), Zacatecas (45.03%) and Nayarit (42.49 percent).
Effectiveness, nil
The effectiveness of the federal government’s anti-inflationary plan will not happen in the short term either, due to the fact that in the 32 states the PACIC state index increased in July, compared to June of this year.
The highest monthly rates of the indicator that considers the 24 products of the food basket were in Sonora (3.38%), Guanajuato (3.17%), Sinaloa (3.02%), Coahuila (2.98%) and Michoacán (2.92 percent).
They continued, in descending order, Durango (2.88%), Jalisco (2.64%), Tamaulipas (2.62%), Aguascalientes (2.41%), Chihuahua (2.26%), Colima (2.24%), Querétaro (2.24%), Baja California South (2.23%), Nayarit (2.08%) and Baja California (2.08 percent).
The states with inflation below 2% were Guerrero (1.97%), San Luis Potosí (1.75%), Zacatecas (1.63%), Tlaxcala (1.61%), Yucatán (1.49%), Nuevo León (1.43%), Quintana Roo (1.41%), Oaxaca (1.09%), Chiapas (1.06%) and Mexico City (1.05 percent).
On the other hand, the state territories with variations of less than 1%, and which felt a lower impact for the families they housed, were Puebla (0.98%), Tabasco (0.87%), State of Mexico (0.74%), Veracruz (0.64 %), Campeche (0.52%), Hidalgo (0.10%) and Morelos (0.04 percent).
It should be noted that the acceleration of general inflation in Mexico was caused by a recovery in demand after the ravages of the pandemic and by the Russian invasion of Ukraine, which raised the international prices of raw materials.
estados@eleconomista.mx
hartford car insurance shop car insurance best car insurance quotes best online car insurance get auto insurance quotes auto insurance quotes most affordable car insurance car insurance providers car insurance best deals best insurance quotes get car insurance online best comprehensive car insurance best cheap auto insurance auto policy switching car insurance car insurance quotes auto insurance best affordable car insurance online auto insurance quotes az auto insurance commercial auto insurance instant car insurance buy car insurance online best auto insurance companies best car insurance policy best auto insurance vehicle insurance quotes aaa insurance quote auto and home insurance quotes car insurance search best and cheapest car insurance best price car insurance best vehicle insurance aaa car insurance quote find cheap car insurance new car insurance quote auto insurance companies get car insurance quotes best cheap car insurance car insurance policy online new car insurance policy get car insurance car insurance company best cheap insurance car insurance online quote car insurance finder comprehensive insurance quote car insurance quotes near me get insurance