Inflation affects those who have the least: Coopermax LM

Los Mochis, Sinaloa.- Inflation is a phenomenon that, because of its characteristics of increasing the prices of products and services, affects those who have lessBecause they are the most vulnerable because of their low economic potential, those with more potential can somehow counteract that inflationary impact, Jose Ramos said.

President of Coppermax, Los Mochis DelegationFor this reason, both the government and the business sector should work together to create economic conditions, adequate and well-paying jobs that make the population less vulnerable to this type of phenomenon.

“Governments must set apart economic policies to reduce this inflation phenomenon.”

Read more: Sector and ISIC to promote cultural tourism in northern Sinaloa

He said the country is experiencing inflation levels that have not been seen for 20 years. “This is a problem that is affecting us, because inflation is like a cancer for the economy. This cancer, called inflation, causes an increase in prices. Basic food baskets and other products, which is extremely worrying if we consider that 40.3 percent of the population lives in working poverty, they don’t have enough to buy a food basket and we don’t talk about other products.

He mentioned that this in turn gives rise to insecurity due to increase in crimes like robbing of businesses, houses etc.

“While the Mexican government has taken actions such as anti-inflation and famine packages to support the most vulnerable families so that they do not lose their purchasing power, it is important that between government and private initiatives we take action that will help our country develop. boosting the economy,” he emphasized.