Tijuana business leaders expecting double-digit inflation during 2025

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Tijuana business leaders expecting double-digit inflation during 2025

^{Published on 2025-01-03 15:41:31 - MSN}

Juli
n Palombo Saucedo, president of Tijuana's Chamber of Commerce, says rents, business licenses and taxes are also going up, creating even more costs to remain in operation.

The article from MSN discusses the economic outlook for Tijuana, Mexico, where business leaders are anticipating double-digit inflation rates by 2025. This expectation stems from a combination of factors including the depreciation of the Mexican peso, rising costs of raw materials, and increased transportation expenses. The article highlights concerns about how these economic pressures could affect local businesses, potentially leading to higher prices for consumers, reduced purchasing power, and challenges in maintaining profit margins. Business leaders are calling for government intervention to stabilize the economy, manage inflation, and support local industries through this period of economic strain.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/tijuana-business-leaders-expecting-double-digit-inflation-during-2025/ar-AA1wVyom ]

N@N

Tijuana business leaders expecting double-digit inflation during 2025