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
8 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
World

Facebook to Release Russia Ads, Beef Up ...

4 hours ago
World

World Powers Rally to Defend Value of Ir ...

4 hours ago
World

Maria Destroys Homes, Triggers Flooding ...

4 hours ago
Mexico

Mexico Shocked By News: Girl Trapped in ...

5 hours ago
Most Popular

Body Found at Collapsed Mexico School; G ...

By The Associated Press
Mexico

Deathtoll Rises to 230 After Mexico 7.1 ...

By Notimex
Mexico

7.1 Magnitude Quake Kills 139 as Buildui ...

By The Associated Press
Mexico

Rescue at Escuela Enrique Rébasmen Suspe ...

By Notimex
Mexico

Semar: No Missing Child in Collapsed Sch ...

By The Associated Press
Mexico