CHWA

CHW Acquisition Corporation

8.2800
USD
5.40%
8.2800
USD
5.40%
5.9200 13.1300
52 weeks
52 weeks

Mkt Cap 128.64M

Shares Out 15.69M

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Mexico issues measures to mitigate high costs of train cargo as inflation soars

MEXICO CITY, Aug 10 (Reuters) - Mexico's government on Wednesday said it had issued so-called "emergency directives" for the transportation via train of products in a staple basket of goods with the aim of mitigating high cargo costs inflation is over a 20-year high. The directives establish a "regulatory mechanism that guarantees efficient and balanced rates in the costs of transporting goods through the railways," according to the government's official gazette. The country's inflation was at 8.15% in the year through July, up from 7.99% in June, with closely watched core inflation at 0.62% in the month of July. The measure follows several measures by the government meant to tame inflation, including a 430 billion peso subsidy on gas, 73 billion pesos for domestic energy aid and a 69 billion peso "food security" program. (Reporting by Anthony Esposito; Editing by Sandra Maler and Brendan O'Boyle) ((anthony.esposito@tr.com; +5255 5282 7140;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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