El Universal is reporting today that the plan has "failed," with no drop in prices since the pact was signed. Only 11 of Mexico's state governors support it, I believe I read. Calderón's "price control" plan was fiercely criticized for locking in a 40% hike that favored industry figures who supported him politically. The average Mexican family of four survives on 67 pesos a day -- and the peso, which has hovered around $0.09 or $0.10, is shaky. Other consumer staples are rising as well. This could be very dangerous.
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