Increase in IEPS on soft drinks raises price of basic basket in Mexico: Inegi

The National Institute of Statistics and Geography (Inegi) in Mexico has reported that an increase in the Special Tax on Production and Services (IEPS) on soft drinks has led to a rise in the prices of basic goods. This tax adjustment is part of broader fiscal measures aimed at increasing government revenue. The implications of this price increase affect consumers across the country, particularly impacting low-income households that rely heavily on affordable food options. The situation highlights ongoing economic challenges in Mexico, including inflationary pressures and the cost of living.