There is an old saying... If US caught the flu, México will get pneumonia.
So then, not if only US... Due to globalization, it will reach every cornear of the world.
"contraction" is a nice word...reminds me of that podcast from years ago
SOTT Podcast: Signs of the Economic Apocalypse - Update, certain words that are used in the economic news so as not to scare people, but the crude reality will hit us. Still applies the recomiendations given. Worth hearing it.
The prices of products and food are rising almost every day.
The Persian lemon, a seedless lemon widely consumed by all mexicans, in 2019 costs around $11 pesos per kilo (. 55 dollar)... A few months ago it was around $90 pesos per kilo (4.5 dollars)... The price has gone down, saw it at the store few days ago for $45 pesos (2.2 dollars). Still high, though.
Thousands of mexicans earn $170 pesos (no more than 9 dollars per day)
The price of tortillas has increased from October 2020 to October 2022, taking into account the price in Mexico City, by 45%.
Source:
Monthly Information on Daily Tortilla Prices in Tortilla Stores and Self-Service Stores in Mexico
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I have noticed another detail. At Jalisco State - at the less warm climate zones - berries - cherries, raspberries, blackberries - began to be cultivated at least a decade ago (before they were only imported) and very expensive, a luxury.
In recent years, until a couple of months ago, one could buy berries in small food stores or at stop traffic lights - - yes, fruit is sold here at stop traffic lights - - These berries, it is known that they were the ones that did not pass the quality test as an export product and were at a good price, and we - people - do not mind much.... A container of 1L used to cost $35-40 pesos (2 dollars)... The export ones are still sold in the supermarket, no more than 20 pcs of raspberries for $79 pesos (4 dollars)
and, I haven't seen them anymore at the stop traffic lights or at the small stores... I think all of them, the pretty ones and the not so pretty ones, are being exported.
Too bad, I really like raspberries, I still buy them but not that often due the high price.