SANTA CRUZ DE TENERIFE, May 12. (EUROPE PRESS) –
The president of the Santa Cruz de Tenerife Chamber of Commerce, Santiago Sesé, has called for measures to mitigate the effects of CPI increases among the most vulnerable families and among companies, despite the fact that it is expected that over the years coming months the increase in prices will moderate.
For the president of the chamber, “it is not good news that prices continue to exert strong pressure on the purchasing power of families and the costs of companies, since the intensity and persistence of price increases that we have been experiencing for more than two years will end up weighing down the economic growth of the islands”.
Santiago Sesé has stressed that companies are seeing how their business margins are reduced due to the increase in costs and the inability to transfer it to prices due to the loss of purchasing power that is taking place in all consumers, which in the In the medium term “it will not only weigh down the competitiveness of Canarian companies, but it will also put the viability of many SMEs at risk”.
