Mexico: Tortilla price cap will continue

Mexico’s government extended an agreement with tortilla producers to cap the price of tortillas-a staple in the diets of Mexico’s poor. The price ceiling will last until August 15 after it had originally been created earlier this year in order to control skyrocketing prices.

The government’s decision was even seen positively in the world of finance where the value of the Mexican peso increased on Wednesday.

Links- MSN Money, The Telegraph, Milenio, Reuters, Wikipedia

Image- El Universal