Manufacturers, grocers reach deal on food discounts in Mexico

Feuding Mexican food manufacturers and supermarket chains agreed Wednesday to split the costs of a program aimed at cutting grocery bills for millions of shoppers.

Under the deal, business leaders agreed to support the government’s call to help keep inflation in check by lowering prices temporarily on staples such as powdered milk, eggs, rice and chicken.

At the government’s urging, Mexico’s big grocery chains this month slashed prices on dozens of products through the end of March. “*

*From: http://www.latimes.com
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