Gasoline, soft drinks, and cigarettes will increase in price starting January 1, 2025. Prepare your wallet!
Published 6 months ago · Trade
Reading time: 24s · Source 99s · · elfinanciero.com.mx
Sentiment: · · ·- The Special Tax on Production and Services (IEPS) will increase starting January 1, 2025.
- Prices for tobacco products (cigarettes), automotive fuels, and soft drinks will rise due to the new tax rates.
- The tax increase is based on an annual inflation rate of 4.55% measured in November 2024.
- Specific increases include: Cigarettes will be taxed at 0.6445 pesos each; Magna gasoline at 6.4555 pesos per liter; Premium gasoline at 5.4513 pesos per liter; Diesel at 7.0946 pesos per liter; Soft drinks at 1.6451 pesos per liter.
- The IEPS is a tax paid on the production, sale, or importation of goods such as gasoline, alcohol, beer, and tobacco.
Find out the mood, impact, relevance and relevant interest groups
Analyses of the article
SENTIMENT
The article highlights a tax increase that will lead to higher prices for essential goods, which is generally viewed negatively by the public.
IMPACT
Long
The tax increase will have long-term effects on consumer prices and spending habits, impacting the economy over several years.
RELEVANCE
High
The increase in taxes on widely consumed products like tobacco and fuel is significant and affects a large portion of the population, making it highly relevant.
STAKEHOLDER
public
The public is directly affected by the increase in prices for everyday products due to the tax hike.