Residents and businesses in Reynosa and Matamoros are paying more for electricity, groceries, and transportation — and the reason is not a single price hike, but several forces hitting at the same time.
New data from Mexico’s National Institute of Statistics and Geography, better known by its acronym INEGI, show annual inflation reached 3.8% in November, meaning prices across the country were nearly 4% higher than a year ago.
Along the northern border, however, the increases are being felt more sharply because they are concentrated in basic, unavoidable expenses.
Electricity bills jumped — suddenly
One of the biggest drivers is electricity.
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