As prices continue to rise, Mexican consumers are feeling the strain on their wallets. In the first 15 days of the month, general inflation rose to 4.63 percent annually, making everyday purchases more expensive for Mexicans. The cost of essential items like tomatoes, onions, and chili peppers has increased significantly, affecting household budgets.
Emergency health spending has become a significant portion of expenses due to rising costs of healthcare products such as pain relievers, flu medications, diabetic medications, and contraceptives. Data from the national consumer price index shows that these healthcare products have seen a notable increase compared to the previous year.
Not only healthcare products but personal care services and beauty products have also become more expensive. Haircuts, hair products, deodorants, lotions, and perfumes have all experienced price hikes in the past year. As Mother’s Day approaches families may find that pampering gifts like beauty products and personal care items are more costly than before.
With expenses on the rise, consumers are forced to budget carefully and prioritize essential purchases as prices continue to climb. The need for austerity becomes even more crucial as households struggle to maintain their health and appearance in an increasingly expensive market.