Food manufacturers have promised Mexico's government that they would freeze prices on more than 150 food products to help families cope with rising costs.
President Felipe Calderon said prices for food such as beans, canned tuna, fruit juices, coffee, ketchup and canned tomatoes will remain fixed until 31st December.
"This is a measure that will positively and directly benefit the finances of millions of Mexicans," said Calderon, flanked by representatives of Mexico's business chambers on Wednesday.
"This reflects the commitment of Mexican businessmen to the country and to price stability," he said.
The Mexican leader has blamed high food costs on rising global energy prices, soaring food demand in China and India and the use of corn for ethanol production.
Food prices, especially rice, have reached historic highs almost everywhere in the world.
Some Mexican shoppers felt the price freeze came too late to do much good.
"Six months? And what happens after that?" said Petra Castaneda, a 55-year-old retired civil servant who was leaving one grocery store empty handed to seek a better deal for cheese elsewhere. She said hearing Calderon's announcement over the radio only infuriated her more.
"All the prices have already risen, it would be ridiculous if they rose even more. Of course they freeze them now," she said.
Source: By DDNEWS
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