June 30, 2021
MEXICO CITY (Reuters) – Mexican consumer prices could stay under pressure for another two years due to a global shortage in semiconductor chips, a situation that has boosted car prices, Mexico’s finance minister Arturo Herrera said.
Speaking in a television interview on Tuesday night, he noted that new semiconductor chip plants can take two years to build, meaning a delay in increasing the chips supply. “We’re going to have this type of pressure for the next two years,” Herrera said.
(Reporting by Anthony Esposito, Writing by Daina Beth Solomon)
Source: One America News Network
