Home NewsPeninsulaMerida Beryl left millionaire profits in Yucatán: Inegi

Beryl left millionaire profits in Yucatán: Inegi

by Yucatan Times
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Although the passage of Hurricane Beryl in Yucatán caused havoc, these were minor and its greatest impact was economic because it left million-dollar profits, reveals a survey by the National Institute of Statistics and Geography (Inegi) that specifies how much money it was and which business lines benefited the most.

Beryl, the meteorological phenomenon that against all forecasts deteriorated in Yucatecan territory, from where it finally emerged as a tropical storm, benefited the commercial sector with more than 2,800 million pesos, according to updated data from the National Survey of Income and Expenses of the Homes (Enigh) of Inegi.

What business lines benefited from the profits that Beryl left behind?
Supermarkets, self-service stores, and corner stores in Yucatan reported extraordinary profits of approximately 2.8 billion pesos in just two days.

How much does a Yucatecan household spend on food per month?

Inegi reveals that a Yucatecan household, on average, spends a monthly current expense of 12,692 pesos, of which 4,774 pesos are allocated to food, which represents 37.7% of its expenses.

However, given the threat of Hurricane Beryl, it is estimated that each family incurred expenses equivalent to a full month in just 48 hours.

Considering that Yucatán has around 589,000 homes, according to Inegi data, the total extraordinary expense would amount to the aforementioned figure of 2.8 billion pesos.

How much and what did the Yucatecans spend?

This amount represents an unusual increase in the sales of organized commerce, since in the face of the threat of Beryl in Yucatán, millionaire profits were obtained, mainly in the following areas:

  • Nonperishable food.
    Bottled water.
    Batteries.
    Lanterns.
  • Candles
    Wood for walling.
    Other essential items in emergencies.
    More conservative estimates indicate that some families spent much less, between 2,000 and 3,000 pesos, to prepare adequately.

Even this more prudent estimate would mean that Beryl still left million-dollar profits to the commercial sector of between 1,172 and 1,767 million pesos in two days.

The families consulted bought groceries and belongings for at least 3 to 7 days to face the arrival of this phenomenon, which came with reserved forecasts about the magnitude and effects when it touched the limits of the Yucatan Peninsula.

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