Inflation in Mexico drags down the price of bread, costs will continue to rise

Inflation in Mexico drags down the price of bread, costs will continue to rise

In Mexico, 70% of the wheat used for the bakery sector is imported from the United States, and represents an industry that has a market value of approximately 57 billion pesos (about 2,850 million dollars) and annual growth rates. up to 3% in recent years.

According to figures from Anpropan, each Mexican consumes an average of 36 kilos of bread per year, which Apaolaza highlighted is a moderate level when compared to countries such as Germany, Brazil and Chile, where up to 80 kilos per person per year are consumed.

The Mexican baking industry also offers employment to more than 160,000 workers and represents 11% of national sales in the food sector.

José Luis Lechón, treasurer of Anpropan, said that 97% of the more than 55 thousand bakeries in the country are micro and small businesses, which positions this industry among the main employers.