Why is there a price increase in products from the family basket in northern Peru?

Why is there a price increase in products from the family basket in northern Peru?

The north of Peru not only suffers from the increase and scarcity of lemon, because in recent days it has been suffering from the increase in prices of some products of the family basketwhich has generated concern because today, the amounts must decrease due to the lack of money in some mothers.

For example, on a tour he took The Republic In some markets in the region, it was detected that the price of a bag of rice increased from S/155 to S/170, while sugar, which previously cost S/160 per 50-kilo bag, is now sold at S/ 180.

Another of the basic products of the family basket The one that increased prices is the pickled chili pepper, before it was sold at S/6 per kilo, today it is offered at S/8, while the yellow potato rose from S/3 to S/5 per kilo.

Why do prices rise in northern Peru?

Some Piura merchants reported that the price increase is due to announcements of a new El Niño phenomenon. Meanwhile, the dean of the College of Economists of La Libertad and president of the Institute of Economics and Business (IEE), Francisco Huerta BenitesHe said that this situation is due to high price speculation, the lack of a true wholesale market, the high rate of citizen insecurity and little State support for farmers.

He also warned that, in case the presence of the Global El Niño phenomenonprices will continue to increase.

How long would the rise in prices of the family basket last?

Traders have faith that in the coming months prices will decrease and return to normal, however, they fear that the possible rainy continue to affect Peruvian families.

Source: Larepublica

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