How much does an upper class person earn in Mexico?
Profeco says why World Consumer Day matters
In Mexico, average household spending rose 12 percent during 2022, while in 2021 it was barely 9 percent.
“Despite the price increase that occurs as a result of inflation, the consumer’s focus has been to defend categories, although to do so it modifies the way of buying: take less in the cartseeks performance and increases visits to different points of sale”, reported the consultant Kantar.
They clarified that buyers are willing to pay for value and a good experience, added to the fact that families seek to do less housework.
Kantar also pointed out that by looking to save more, people buy more food to take away from home.
Despite the increase in prices, Mexicans continue to carry the same products, such as oils and non-stick products, cookies, industrialized bread, pasta for soup, bottled water, mineral water, soft drinks, dairy creams, liquid milk, cheese, laundry detergents, and toilet paper.
The consultant says that the average annual ticket was 141 pesos, while in 2021 it was 130, representing an increase of 8.7%.
“The focus of the consumer is to use all the resources at their disposal to give them the best performance by buying in different formats, trying to satisfy their needs according to the basket,” says the company.