MEXICO CITY — City Hall authorized a 50% hike in the price of a ticket at the city's best movie theaters.
The hike from 200 to 300 pesos, or from 42 cents to 64 cents, was authorized for 43 movie houses in the capital of 18 million people. The federal government owns most movie theaters in the country.
The increase was condemned by labor unions, which pointed out that consumer prices jumped during January by 8.8% and that minimum wage earners are struggling on a daily salary of less than $3.50 to keep up with annual inflation averaging over 60%.
Since 1982, the cost of a movie ticket has jumped by 700%, but as the Mexican peso has dropped almost daily against the U.S. dollar, in dollar terms a movie ticket is cheaper today than it was four years ago.