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It really depends on WHY those prices jumped up in the first place. If it happened because the US dollar was devalued against other currencies, it would mean imports from Mexico are more expensive.
For example, a pair of shoes is manufactured in Mexico for 100 pesos and sold at the US for 20 dollars, (currency parity is 1 dollar = 5 pesos).
Now, if the dollar is devalued to say, 1 dollar = 2 pesos, it would mean those shoes would be more expensive, as they are still manufactured with 100 pesos, but with the new parity, they cost 50 dollars in the US.
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What is reason of sudden reducing of petrol prices?
Tthe economy is crashing!
Will color preference affect sudden choices?
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What is the name for the sudden fall in prices especially on the stock market?
Market Crash
A sharp and sudden rise in prices resulting from an excessive expansion in paper money or bank credit?
This is a definition of inflation. If the rise in prices is both rapid and very large, it is called hyperinflation.
What is a sharp or sudden rise in prices resulting from an increase in paper money or bank credit?
Inflation.
A sharp and sudden rise in prices resulting from an expansion in paper money or bank credit?
inflation
A sharp and sudden rise in prices resulting from from an excessive expansion in paper money or bank credit?
inflation
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It makes you happy and you'll have a sudden urge to dance!
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They raced to sell their stocks
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It's called inflation.
Why is hidden inflation a problem?
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A sharp sudden rise in prices resulting from an excessive expansion in paper money or bank credit?
It's called inflation. Get ready for a lot of it.
