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Tortilla price increase is abusive says Beltrones

The leader of the Institutional Revolutionary Party issued a call to stop unjustifiable increases in rise of basic commodities
By The News · 26 of February 2016 15:27:02
Saul Lopez, Manlio Fabio Beltrones.FOTO: SAÚL LÓPEZ /CUARTOSCURO.COM, No available

The rise in the price of tortilla and both sweet and white bread are arbitrary increases that have no economic justification whatsoever, stated Manlio Fabio Beltrones, national leader of the Institutional Revolutionary Party. Consequently, he demanded that the relevant authorities explain the “unjustifiable” increases and apply a policy of maximum prices to these basic commodities. Bleariness also took to social media to denounce the situation in the name of the party.

The strong call is aimed at the Economy and Agriculture Secretariat, the Federal Consumer Protection Agency (Profeco) and, above all, at the Federal Economic Competition Commission (Cofece), to whom he also demanded they apply the corresponding sanctions to producers, commercializers and vendors that elevate the prices of these products in an unjustified manner.

The leader of the ruling party asserted that “arbitrary increases” in said basic goods affects the economy of families in a direct manner, these being basic and popular commodities all across Mexico, that can represent up to 10 percent of the daily spending of most Mexicans.

Speculation may have lento an increase in the price of tortilla. Photo: Cuartoscuro.com/Isaac Esquivel

Speculation may have lento an increase in the price of tortilla. Photo: Cuartoscuro/Isaac Esquivel

Manlio Fabio Beltrones pointed out that “no economic reason, least of all the price of the dollar or the electricity” justify theses increases, currently oscillating between 11 and 18 pesos in the case of corn tortilla, and between seven and six pesos in the case of bread.

“Due to this we are issuing a strong call to federal authorities to explain the reasons for these unjustifiable increases and apply a policy of maximum prices to the cost of tortilla and bread, to ensure supply and apply the corresponding sanctions”, underlined the leader of the PRI.

The politician from Sonora expressed his confidence that the federal authorities will take charge of this important theme, so that the population may be relieved of an abusive and unfair charge upon its economy.

THE NEWS