17 de agosto de 2024

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Increases will hit consumers’ pockets “hard”

Jaime Fonalledas and Eduardo Marxuach indicated that retailers will pass on recent rate increases to customers because they can no longer absorb them in their operating costs

July 15, 2024 - 8:00 PM

We are part of

Since this month, partly as a result of the bankruptcy process, new increases in utilities such as water and electricity went into effect, in addition to an adjustment in the minimum wage and persistent inflation in Puerto Rico, according to official figures. (Shutterstock)

By Maricarmen Rivera Sánchez

Periodista de Negociosmaricarmen.rivera@gfrmedia.com

The imminent increases in basic services that will be included in household and business bills in the next few weeks will have a real and immediate impact on consumers’ pockets, according to two businessmen, who stated that businesses will not be able to absorb the tariff adjustments in their cost structures.