Mexico's inflation rate dropped in February, reversing a four-month upward trend and bolstering the likelihood of the Bank of Mexico lowering its benchmark interest rate later this month. Year-over-year inflation reached 4.40% in February, down from 4.88% in January, according to the national statistics agency INEGI.
Mexico's auto industry hit a record high in February, exporting 22.6% more light vehicles than the same month last year. Domestic production also rose, fueled by the start of electric vehicle assembly. While some manufacturers faced challenges, Mexico remains a major player, ranking 4th in exports and supplying 18% of the US car market.
For February 2024, the total number of terminal passengers at GAP’s 12 Mexican airports increased by 1.1%, compared to February 2023. Puerto Vallarta, Guanajuato, Los Cabos, and Guadalajara presented an increase in passenger traffic of 7.7%, 5.3%, 1.7%, and 0.6%, respectively, compared to February 2023.
Mexico is seeking to phase out genetically modified corn imports, a move that has sparked tension with the US. Corn originated in Mexico nearly 10,000 years ago and remains a cornerstone of the country's culture and agricultural traditions. This deep-rooted legacy explains the Mexican government's desire to preserve its native varieties.
President Andrés Manuel López Obrador recently inaugurated the Cancún-Playa del Carmen section of the Mayan Train, a monumental step forward for the railway project aimed at interconnecting Quintana Roo, Chiapas, Campeche, Tabasco, and Yucatán.
The U.S. State Department advises spring breakers heading to Mexico to pack not just their sense of adventure, but also a healthy dose of common sense. Their annual travel advisory serves as a helpful resource to help travelers make informed decisions & have fun.
On February 27, Enrique Alfaro, Governor of Jalisco, introduced a groundbreaking health initiative: Jalisco Health Insurance. Aimed at covering 2.3 million of the State's uninsured individuals, this program promises accessible medical care through credentialing and streamlined records.
Mexico City is grappling with a severe water shortage that experts warn could lead to a "day zero" within months, when readily available water service could be drastically reduced or even cut off entirely. This crisis threatens the roughly 22 million residents of the megacity and its surrounding areas.
Travelers to Mexico's Riviera Nayarit will soon enjoy improved accessibility thanks to a $250 million expansion of the Tepic Airport and a new highway connecting it to the coast. Currently, most visitors to the State of Nayarit fly into Puerto Vallarta, but the improved infrastructure will provide easier access.
The Chalacatepec International Airport, located in Costalegre, Jalisco, is set to begin operations later this year. The completed airport aims to boost connectivity in the Costalegre region, a 240-kilometer stretch of Pacific coastline south of Puerto Vallarta.
