“I want to suggest to him that together, to the best of our ability, we would implement a joint plan to combat inflation,” TASS quoted him as saying.
According to Obrador, the initiative involves the use of additional oil revenues to curb rising fuel prices and develop manufacturing activities within the country.
Earlier it became known that annual inflation in the United States accelerated to 8.6% in May, the highest since December 1981.
U.S. Oil and Gas Association president Tim Stewart has called the country's worst energy crisis in half a century.
Biden accused Russian leader Vladimir Putin of rising fuel prices and rising food prices.