Published On: Sat, Nov 12th, 2016

National Chamber of Micro-Commerce urges Mexicans to consume local products

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“In December, there will be an increase of at least 3 percent in the prices of clothing, toys and electronics, due to the US dollar exchange rate situation”, confirmed President of the National Chamber of Micro-Commerce (Canacope) Octavio Corvera Álvarez.

“We saw that on the night of November 8 the currency fell by 13 percent. We are going to await for the measures to be taken by Mexico’s Central Bank (Banxico) and the Treasury and Public Finance Secretariat (SHCP), although the truth is that yesterday I was surprised to hear them say that they will wait and see what actions the United States is going to take,” he said.

Corvera Álvarez suggested that the public needs to consume local products and support small businesses in order to avoid the repercussions of the U.S. election result.

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President of the National Chamber of Micro-Commerce (Canacope) Octavio Corvera Álvarez (Photo: Oro Noticias)

Corvera Álvarez said that for the coming “Buen Fin,” which will take place Nov. 18 to 21, there will be no increase in prices of products and services.

“If we do not take advantage right now, with real sales, it will be a complicated start to the new year (2017). The peso has depreciated in value and the exchange rate really affects us,” he concluded.

by PATRICIA GUTTIÉRREZ RODRÍGUEZ for The News MX

Source: http://www.thenews.mx/

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