Mexicans are buying fewer clothes and personal items but more drinks

Households with incomes of 15,000 pesos made the biggest cut in comrpa clothing and footwear. ( Thinkstock)
Households with incomes of 15,000 pesos made the biggest cut in clothing and footwear purchases. ( Thinkstock)

By Carmen Luna / CNN Expansion

The increase in taxes and low-wage jobs has prompted Mexicans to sacrifice consumption of goods such as shoes, clothing and even personal care, according to the National Survey of Income and Expenditure.

According to the figures, total expenditures on clothing and footwear of all households fell 11.8 percent; followed by spending on personal care with a drop of 5.5 percent, but the drinks increased 2 percent, according to a survey conducted by the National Institute of Statistics and Geography (INEGI).

“Households considered middle class were the most affected…, said the general director of the Institute for Industrial Development and Economic Growth, José Luis de la Cruz.

Colegio de Mexico Geraldo Esquivel said, ”It’s a combination of elements, the jobs that have been created have been more precarious and, on the other hand, those who kept their jobs were faced with higher prices. What we have is a stagnant incomes and deteriorating purchasing power, “said the researcher from the College of Mexico, Gerardo Esquivel.

http://www.cnnexpansion.com/economia/2015/07/17/mexicanos-sacrifican-la-compra-de-ropa-y-hasta-desodorante

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