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Associated Press
As Mexico’s inflation hits 8.15%, families cut back
Mexico’s annualized inflation rate hit 8.15% in July, the highest in more than two decades, the national statistics institute announced Tuesday. The Mexican government raised the country’s minimum wage by 22% in 2022 to about $8.50 per day, but much of that increase has now been consumed by inflation. Housewife Carla Valadez was shopping at a Mexico City market Tuesday, and had to buy vegetables instead of pork because of the prices.
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