More than 200 micro and small business entrepreneurs (MYPE) of the manufacturing (45%), retail trade (30%) and services (25%) sectors have had to raise their prices to face inflation, the political and social crisis of recent months, and the climatic ravages of Cyclone Yaku, reveals the survey carried out within the framework of the first National Congress of Mypes of Regions, organized by United Mypes of Peru and the Continental University.
Likewise, the period of the variations goes between daily, weekly, monthly, fortnightly and annual (see graph). Food is the one that rises daily and weekly, while the clothing and footwear item has a fortnightly and monthly increase, according to Daniel Hermoza, director of the Mype Studies Center.
weekly uploads
Of the 2.2 million mypes, 35% belong to retail trade. Thus, businessmen in this area are forced to raise the cost of selling their products on a daily and weekly basis before the inflation. To date, the foods that have increased the most are eggs, which —due to the lack of corn to feed the chickens— went from S/7 and a maximum of S/8 to S/10 and S/10.50; and chicken, which is costing between S/12 and S/14 in different districts and provinces, reaches up to S/20.
“The increase is approximately 40% and 50% more due to the situation we are facing. Before the weather situation and the protests, the other products rose by 15% and 20%,” said Carla Campos, vice president of the Association of Women Winemakers. (Agremub).
In addition, he specified that now the suppliers have reduced the weight for the sale of their products to 450 or 900 grams, but the price is still equivalent to half a kilo.
“60% of mypes reduced their profit margin”
The study also indicates that, in the face of political and economic instability, 57% of mypes consider lowering the profitability of their products or services, while 45% are considering reducing the quality of their production.
Similarly, among the solutions to current problems, 85% of the businessmen Consider requesting financing, but with interest rates that allow them to be profitable.
74% expect growth to be between 0 and 5% this year and 19% estimate an advance of more than 5%. Likewise, only 6% project negative growth in the long term.
Source: Larepublica
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