Jump in price of tortillas Inducing peso to fall Level

By VALERIE ROTA

BLOOMBERG NEWS

An increase in the Expense of tortillas, a staple of the Mexican diet since the Maya ruled 1,000 Decades ago, has triggered a slump at the peso.
Tortilla prices jumped 5.9 percent in January, the most in eight decades, after costs rose for corn, that the major ingredient. That increase fanned inflation and a bond market rout that suppressed demand for the currency. The peso has fallen 2.3 percent from the past month, which makes it the world's second-worst celebrity against the dollar among the 70 currencies tracked by Bloomberg.