We must recognize that, although inflation in July is officially at levels of 8%, and is the highest in the last 20 years, if we review the average rise it is much higher, at least that is how we see it with products that in January were They were located in a price and now they are up to 30% higher.
For example, the noodles for soups with increases of 30%; in the bakery or where you buy, the traditional shells, ears or kisses observe adjustments above 20% to 30%; the same with vegetable oil, which went from levels of 30 pesos to levels above 50 pesos, depending on the brand.
Not to mention agricultural products such as potatoes, onions, avocados, tomatoes or those that are not in our basic basket, such as pastries, soft drinks, in which some presentations have increased more than 10% in the last 12 months.
That is why companies like Walmart, Soriana and Chedraui paid more attention to the volume sales strategy and went all-in on 3 x 2 in this season they call summer. Preliminary results indicate that the consumer has accepted this promotion.
At least that’s how we saw it in the reports corresponding to the 2nd. Quarter of 2022 (2T22), where the results of the companies were in double digits and they themselves highlighted these strategies, in addition to the fact that this has been maintained with the ANTAD sales data for July.
Even Walmart stands out, whose main strategy is “always low prices”. While in previous years it stayed away from these promotions, this year it launched “summerdays”, in which it offers products in volume promotions.
Added to these campaigns are those that were already maintained with low prices and those promoting the own brand. With this they also offer discounts of up to 20% on products, strategies with which they have managed to capture the pocket of a consumer who has been strongly affected by the increase in prices.