

“During the first quarter of the year, clothing prices will rise up to 10 percent in response to inflation and the increase in the price of fuels such as LP gas and gasoline”, declared the president of the National Chamber of the Clothing Industry in Yucatan (CANAIVE), Pedro Enrique Góngora Medina.
He said that apparently economic conditions will not improve and the increase in inflation remains uncontrolled, so the production sector will have make adjustments in their prices immediately.
He added that clothing companies have been absorbing the inflationary increase, but it is no longer possible to sacrifice profits, especially since prices continue to rise in hydrocarbons (gas, diesel) as well as in LP gas and other basic products.
Góngora Medina said that if there is no stability in inflation between now and March, this sector of production will have to make an adjustment of 5 or even 10 percent in their sale prices.
“We have very little room for maneuver, so if we continue with the upward trend of inflation, we will have to adjust the prices of our products, which would take place around the end of the first quarter,” he added.
The leader of the National Chamber of the Clothing Industry in Yucatan indicated that, at the end of 2017, there was an inflationary increase of 6.6 percent and in the particular case of the clothing industry, the figure was just under 5 percent.

Góngora Medina stressed that clothing manufacturers have called on the authorities to take actions to stabilize inflation in this production sector.
“These increases have caught us off guard, since the Bank of Mexico was expecting an increase in inflation of 4 percent, however, the increase went up to 6 percent,” he said.
The leader urged the Yucatecan society to buy products manufactured in the region, in order to support this economic sector of the state.
“We have an invasion of transnational brands and our duty is to support the local… We see that one of the strategies to optimize the clothing industry in the Yucatán is production, so we need to focus on production,” he concluded.
Source; https://laverdadnoticias.com/
Comments
more recommended stories
Xcaret postpones the 14th edition of the Sacred Maya Journey
The return of the traditional Sacred.
A woman is crushed to death when a tree falls on top of her car on the Mérida-Valladolid highway
A strange accident happened on Thursday,.
With these local flowers, you help prevent the loss of bees in Yucatan
Every May 20, World Bee Day.
US government officials talk about UFOs publicly for the first time in 50 years
Two senior U.S. defense intelligence officials.
The US Embassy to invest 30 million USD in the “South of Mexico Generating Employment and Sustainability” program
In alliance with seven governments from.
Face-to-face courses return to La Ibérica de Mérida; they will celebrate a big event on Sunday
On Sunday, May 22, the Centro.
Construction worker arrested for sexual abuse against a maid inside a hotel in Tulum, Quintana Roo
The municipal police of Tulum, in.
Yucatan is about to receive the first cloud of dust from the Sahara desert in 2022
A cloud of dust from the.
Yucatecans seek to sell one ton of Cochinita Pibil and 6 thousand panuchos in Mexico City
With the “Yucatán Expone” program, Yucatecan.
Mérida Municipal Police officer returns wallet to owner with more than 5 thousand pesos
The Mérida Municipal Police agent Roberto.
Leave a Comment