Mexican Economy

Most restaurants, and Soriana for that matter, are more expensive. Food inflation in Mexico was up 14% in 2022 and is running about 9% in 2023. The $1.2 trillion 'inflation reduction act' in the US gave other countries more latitude to print money and inflate away their outstanding debts. Mexico has even higher interest rates than the US, which in part affects the peso to dollar exchange rate.

Mexico has always maintained higher interest rates than the USA for much longer than the 34 years I've lived here, which is why we never take out bank loans. I believe you are mistaken about the impact of the USA's "Inflation Reduction Act" on Mexico. Mexico never had the level of inflation as the USA, never went through the recent economic meltdown of the USA, and the peso has been gaining ground on the dollar for at least the past 5 years. Mexico currently occupies one of the top 5 places among the G-20 nations for economic growth. A far cry from what the naysayers claimed would happen under AMLO.