Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
Mexico

Canaco Leader Responds to Price Increases

The head of Canaco said that the private initiative will continue to assimilate part of the impact from the current global economic situations

LP gas prices rose $2 pesos ($0.09) in January, photo: Cuartoscuro/ Isaac Esquivel
By Rosalba Amezcua Whatsapp Twitter Facebook Share
11 months ago

Humberto Lozano Avilés, president of the Chamber of Commerce, Services and Tourism (Canaco), announced that prices of certain products increased from 3 to 10 percent as opposed to the 1 per cent increase forecasted by Economy Secretary Idefonso Guajardo Villareal. Lozano stated that Guajardo’s calculations are out of touch with the affected sectors.

The head of Canaco said that the private initiative will continue to assimilate part of the impact from the current global economic situations, however, a 20 per cent increase in the price of petrol has a greater impact on utilities that goes beyond profit margins.

As a signee of the Agreement for Economic Strengthening and Protection of Household Economy, Lozano Avilés noted that despite negative comments the Agreement has remarkable provisions such as granting funds for bolstering Micro and Small-Sized Enterprises as well as entrepreneurs.

“We want to make it abundantly clear that the Private Initiative did not cause the increase in petrol prices, and it is not us who increased commodity prices out of our accord; it is the current economic situation that causes the hikes, as the Secretaries of Finance and Economy have explained,” said Lozano.

Comments Whatsapp Twitter Facebook Share
More From The News
Latest News

Democrat Jones wins stunning red-state A ...

3 days ago
Business

Asian stocks mixed ahead of Fed rate ann ...

3 days ago
Entertainment

NFL Network suspends analysts over sexua ...

3 days ago
Business

Minnesota announces restrictions on usin ...

3 days ago
Most Popular

Patricia Espinosa Opens Mexico Conferenc ...

By The Associated Press
Business

White House Steps Up Aid for Financially ...

By The Associated Press
Business

How Apple's 'Security Czars' Fight to Pr ...

By Reuters
Business

Daily Exchange: Dollar selling at 18.73 ...

By Notimex
Business

LATAM Airlines to Suspend Venezuela Flig ...

By Reuters
Business