Mexico’s government reached an accord with industry groups to freeze the price of tortillas, canned tuna, coffee, beans and more than 150 other items this year after inflation accelerated to the fastest in three years. The agreement with the Confederation of Industrial Chambers, an umbrella group of industry organizations, also covers wheat flour, ketchup and cooking oil, said Ismael Plascencia Nunez, the president of the confederation. ?There has been a significant rise in food prices worldwide,? Mexican President Felipe Calderon told reporters. ?The government has been working and will continue working hard to prevent this from affecting the pockets of Mexicans.? (Bloomberg)

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