Queretaro trade chooses to cushion the inflationary impact

Queretaro, Qro. Given the behavior that inflation has had at the beginning of the year, local businesses have opted to absorb cost increases, with the aim of not curbing consumption.

The president of the National Chamber of Commerce, Services and Tourism (Canaco Servytur) local, Fabián Camacho Arredondo, explained that this measure is maintained before the Easter holiday period, as it is one of the seasons of high consumption in the state.

“Businesses are seeking to cushion this inflationary impact (…) so that there is the possibility that consumption will not be reduced and thus be able to continue advancing in strengthening the economy; and that some businesses make progress in covering liabilities generated by the pandemic, ”he explained.

In the same way, he explained, it is expected to continue with this strategy on upcoming holidays characterized by a rebound in sales, such as April 30 and May 10.

“The partners and the tertiary sector of Queretaro We recognize that there are national and international elements that represent challenges for the process of strengthening the economy, especially when it has to do with the inflationary process,” he stressed.

However, he recognized that in products such as tortillas, price increases have begun to be reflected, derived from variations in the price of corn.

In this regard, he added that the chamber of commerce works hand in hand with the Federal Consumer Protection Agency (prophet), to review the prices of this food; He added that the average price in the state is 21 to 23 pesos per kilogram of tortilla, but cases have been detected where it is sold for up to 26 pesos.

monthly variation

Only in March, the National Consumer Price Index (INPC) reported a monthly variation of 1.07% in the state of Queretaroaccording to the National Institute of Statistics and Geography (Inegi).

This indicator was slightly above the monthly variation of 0.99% recorded by the CPI at the national level, affecting an annual general inflation of 7.45%, specifies the statistics institute.

In this context, the chamber of commerce projects that the state’s tertiary activities will achieve an annual growth of 5% during the second quarter of the year, a better performance compared to the 3% growth forecast in the first quarter of the year. Meanwhile, the estimate is to achieve an increase of 6 to 8% per year by the end of the year.

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