| | |  News Around the Republic of Mexico 
Tortillas, Gasoline Prices Expected to Rise Again in 2011
 María del Carmen Martínez - The News
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December 31, 2010
| | In some regions the price of tortillas increased from 8 pesos to 12 pesos per kilo, while in other states, tortillas cost between 13 and 15 pesos a kilo. | |
While tortillas, natural gas and gasoline registered price hikes in 2010, authorities said Thursday that the cost of these basic goods is expected to increase again in 2011, negatively affecting the economy of poorer Mexican families.
Throughout 2010, the price on tortillas rose by as much 2 pesos per kilo, depending on the area. In some regions, the Federal Consumer Protection Agency (Profeco) said, the price of tortillas increased from 8 pesos to 12 pesos per kilo, while in other states, tortillas cost between 13 and 15 pesos a kilo.
Nonetheless, Profeco officials said that there is no justification for the rise since many other basic products, including corn, experienced a price drop in the international marketplace. The price of a tortilla, Profeco said, is established by the cost of corn.
The price of gasoline went up 10 times this year. Authorities said that regardless of Profeco’s official dispositions, tortillas will most likely go up again in 2011. Profeco also predicted that gasoline will undergo several increases next year, although these rises will be gradual.
Last November, the Treasury and Public Finance Secreariat (SHCP) said that the rise in gasoline prices in 2011 would be similar to that of 2010, meaning magna, premium and diesel gasoline will rise 8 cents per liter every month. The government agency said that this gradual rise does not mean that Mexico’s rates are above international standards. Natural gas prices are expected to rise by 5 cents a cubic liter every month.
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