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Sales tax levied on Oxxo, 7-11 take-out foods

Prepared food sold at Oxxo, 7/11 and other mini-supermarkets and convenience stores will be subject to 16 percent sales tax (IVA) as of July 1.   This includes hot dogs, pizzas, tacos, gorditas, flautas and any other items prepared for immediate consumption, either on the store’s premises or otherwise. The tax is an extension of the 2013 fiscal reform package which removed IVA exemptions on certain foods.

Financial indicators as of Thursday, June 11, 2015

–Mexican Stock Market (BMV) opened at 44,578.28, a decrease of 154.44 points from Thursday, June 4, 2015.

–Interest paid on 28-day Treasury Certificates (CETES) was down at 2.96 percent from Thursday, June 4, 2015.

–Bank Interest paid on 28-day 10,000 to 50,000 peso Promissory Notes was unchanged ranging from 1.00 to 2.17 percent. 

–U.S. dollar traded Thursday at 14.75 pesos buy, 15.80 pesos sell.

–Canadian dollar traded at 11.60 pesos buy, 12.80 pesos sell.

–Euro traded at 16.90 pesos buy, 17.95 pesos sell.

–Gold (1 oz) Mexic o: 18,342.26 pesos; New York: 1,192.77 U.S.

–Oil (brl) Mexican mix: 58.04 U.S.; West Texas Intermediate: 61.43 U.S.

–Inflation May 2015: 0.50 percent.

–Annual Inflation (from May. 2014 to May. 2015): 2.88 percent.