9:41 a.m.
Friday, 21 July 2017

Cheap dollar and inflation raise, incentive so that people on the border return to shop to the U.S.

Mexicali, Baja California.- The organized trade sales of Baja California suffered in March its biggest drop in more than a year, according to an analysis of the CEET (Center of Economic Studies of Tijuana) of the figures given by INEGI.

The CEET informed that in the case of Mexicali the wholesale dropped for the fourth consecutive month, recording in the reference period a fall of 10.1 per cent, while retail, adding up two months, droped 2.1 percent.

In the case of Tijuana wholesales tumbled 7.1 percent to consolidate two months in decline, while for retail sales the shrinkage was of 3.7 percent, also adding up two consecutive months. The CEET explained in a document that a combination of heavy weight with an inflation raise was unified, so that way consumers have to modify their consumption techniques, like either stop buying certain products or go to the U.S. and buy them.

The binational organism recalled that in its analysis on inflation in the State, it warned about the strong growth of generic food items, as well as gasoline, which is punishing the pockets of workers and also the inputs of some sectors such as restaurants.

Finally, he reaffirmed that with the strengthening of the Mexican peso against the dollar and the downward trend in the prices of gasoline in the United States, it gives the opportunity to consumers to optimize their expenses across the border.

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