Mexico: Food Prices to Be Frozen

Food manufacturers promised to freeze prices on more than 150 products to help families cope with rising costs. President Felipe Calderón announced that prices for goods like cooking oil, flour, canned tuna, fruit juices, coffee, ketchup and canned tomatoes would remain fixed until Dec. 31. “This reflects the commitment of Mexican businessmen to the country and to price stability,” said Mr. Calderón, who has blamed rising global energy prices, soaring food demand in China and India and the use of corn for ethanol production for high food costs.

Published: June 19, 2008

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