Wal-Mex, Liverpool likely hit hardest by gas hike

Bloomberg – Mexican consumer companies from Wal-Mart to Liverpool SAB might see sales flag as the country raises gasoline prices by as much as 20 percent in January. Retailers might be the most affected by the jump in prices, which risks eroding consumer sentiment and purchasing power amid a weakening peso that has already fueled concern about inflation. Supermarket operators Chedraui and Organizacion Soriana might also take a hit as the cost of gasoline takes a bigger portion of consumers’ budgets.

https://www.bloomberg.com/news/articles/2017-01-03/mexico-gasoline-hikes-seen-curbing-sales-at-walmex-liverpool

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