On December 27, 2023 the Government of Mexico published a presidential decree to extend the exemption of tariffs and easing of administrative procedures for the importation of basic food basket products through December 31, 2024. The extension aims to control food inflation with Mexico's presidential and governor, state, and legislative elections nearly five months away in June 2024. This is a corrected report. The previous version of the report was published on January 10, 2024. This report corrects the title and key of the table on page two (“non-core inflation” replaces “headline inflation”). The report also updates the latest inflation data through December 2023 on page two (paragraph two and the table).