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Mexico’s Basic Food Basket Climbs to 2,085 Pesos in March on Produce Surge

Produce price shocks from drought plus higher transport costs are eroding purchasing power.

Estado de México, Nayarit y Campeche registran la canasta básica más cara y con mayores alzas de marzo, superando los 2,300 pesos y obligando a las familias a gastar más de un salario mínimo mensual | Archivo GH
“La inflación creció hasta 4.02%”: una persona necesita alrededor de 4,877 pesos al mes para cubrir lo básico en la ciudad, según el INEGI

Overview

  • The national 44-item food basket averaged 2,085.33 pesos in March, up 1.11% from February, according to ANPEC and INEGI.
  • Several states posted totals above 2,300 pesos, including Estado de México at 2,353 and Nayarit at 2,319, with Campeche recording the biggest monthly increase.
  • Fruits and vegetables led the jump, with saladette tomato up about 61% and limón up about 38% in the first quarter, while tomate verde and potato also rose by double digits.
  • Drought, fertilizer shortages, and higher fuel and logistics costs are raising farm and transport expenses that flow into store prices.
  • Food now outstrips paychecks for many families as a four-person grocery bill tops 10,000 pesos against a 9,582.47 peso minimum wage, and Banxico has raised near-term inflation forecasts after February’s annual rate hit 4.02%.