One of Mexico’s most renowned economists is predicting Mexico will reach a 10 percent inflation rate by the end of the year, which would be “disastrous and could lead to famine in some parts of the country.”
Enrique Rovirosa Miramontes, who leads a college of economists in Baja California, claims seven out of 10 residents in Mexico are already having a hard time keeping up and not being able to afford the cost of food and bare necessities.