Home Business-newBusiness Inflation continues to affect the economy of different companies in Quintana Roo

Inflation continues to affect the economy of different companies in Quintana Roo

by Yucatan Times
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Many commercial establishments in Cancun and the rest of Quintana Roo continue registering low sales due to the low purchasing power of consumers.

Companies in Quintana Roo continue to face problems due to inflation, not only due to low sales derived from the low purchasing power of consumers, but also due to the increase in the prices of inputs for production.

Rafael Ortega Ramírez, spokesman for the National Chamber of Commerce, Services and Tourism (Canaco-Servytur), explained that these companies are still threatened by low sales, in addition to the price increase that occurred at the start of the year.

According to the latest report from the National Institute of Statistics and Geography (Inegi), in the last year the Producer Price Index has even exceeded 12% in some sectors.

For example, in the last year, in the country the cost of production in the food industry increased by 12.13%; in the Beverage and Tobacco Industry it increased 10.06%; in the paper industry it was 12.29%; and 10.37% in temporary accommodation and food and beverage preparation services.

The commercial sector of Quintana Roo hopes that with the passing of the months, they will be able to reduce costs.

According to Canaco-Servitur, the increase in production costs caused prices to rise by up to 15%, during the first months of the year when there was an escalation of increases in all sectors.

The association Mexico How Are We Going? reported that at the end of April, general inflation in the country was 6.8%, a decrease of 1% compared to the previous year, however, the entity is among the 10 most expensive states nationwide.

Products such as chicken, oranges, corn tortillas, avocados, cucumbers, and services such as lunch boxes, gasoline, and even home purchases continue to increase.

TYT Newsroom

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