The National Alliance of Small Merchants (ANPEC) foresaw difficulties in complying with the Complementary Agreement of the Package Against Inflation and Famine (Pacic), due to the prevailing uncertainty about the international factors that feed inflation, in addition to the fact that it is possible to intensify upward pressure on energy prices due to the arrival of winter.
Cuauhtémoc Rivera, president of the market merchants union, said that trying to control the strength of the market in the season of greatest consumption – which is the last quarter of the year – is “uncontrollable”; in addition to the fact that the most needy population does not regularly consume the food brands that joined the Pacic.
He said that the Complementary Agreement seeks to recover the 100 pesos that increased and return to the starting prices, “already expensive.”
He said that four out of 10 Mexicans do not have enough income to buy their food, so the purchasing power of 43% of workers barely covers their basic expenses and 20% cannot “make ends meet.”
The president of ANPEC said that in winter, the energy factor is an issue that puts a lot of pressure on the economy.
While “post-pandemic job insecurity is a forceful reality, since most of the jobs recovered have been in the informal sphere.
“In addition to this, the announcement by the Bank of Mexico that inflation control will be achieved until the third quarter of 2024, allows us to see the difficult time to come,” said Cuauhtémoc Rivera.
The representative of small businesses said that “wanting to reduce the price of the Pacic basket by 8% and maintaining its price for five months implies defeating the January cost”, since we all know that at the end of the year it is felt an escalation of price increases in most products, due to the end of the year holidays.
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