Inflation has caused an increase in the prices of essential items, including pain relievers, flu medications, diabetic medications and contraceptives. These products have become more expensive compared to the previous year, putting a strain on Mexican families’ budgets. According to data from the national consumer price index, healthcare products are among the items that have seen a notable rise in cost.
Healthcare spending accounts for a significant portion of expenses for Mexican families. The rising costs of these products are adding to their financial burden. Meanwhile, 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. This is likely due to the impact of inflation on companies’ production costs and their need to maintain profitability.
As Mother’s Day approaches, families may find that pampering gifts like beauty products and personal care items are more costly than before. This can put a strain on their wallets as they try to maintain their health and appearance in an increasingly expensive market. To cope with these rising costs, consumers need to budget carefully and prioritize essential purchases.
