**Inflation Hits Baja California Hard in Recent Months**
In recent months, inflation has significantly impacted the residents of Baja California, placing the region in the lead nationwide for rising prices, according to the latest statistics from the National Institute of Statistics and Geography (INEGI). The President of the College of Economists of Baja California, Domingo Ramos Medina, highlighted that as of September, the Consumer Price Index in Tijuana showed a monthly variation of 0.97%. This figure is nearly double that of the second-place city, Culiacán, which recorded a 0.48% increase.
Ramos Medina pointed out that this inflation surge is primarily due to the rise in the costs of energy sources like gasoline and LP gas. These energy products serve not only as final consumer goods but also as intermediate goods utilized in the production of other commodities, thereby continuously impacting inflation as they reflect in final prices.
Baja California also topped the list of states in terms of price increases with a monthly variation of 0.67%, with Sinaloa following at 0.48%. The economist also noted that living near the border affects various service products linked to exchange rate fluctuations, impacting the economy in Tijuana. He remains optimistic that although there might be high demand for seasonal products, the circulating money could balance out sellers and buyers. However, there is a possibility of a minor price increase if equilibrium is not achieved.
**Increase in Restaurant Sector Costs in Tijuana**
The restaurant industry in Tijuana is feeling the pinch of rising inflation, finding it challenging to remain buoyant amidst ongoing price hikes. The fluctuating costs largely affect their ability to maintain profit margins, with owners expressing concerns over sustaining their operations.
**Spike in Agricultural Product Prices**
The prices of lemon and avocado have surged to over 100 pesos per kilogram, further adding pressure to local household budgets. The escalating costs of these essential goods underscore the broader issue of inflation impacting a diverse range of sectors.
**Monitored Developments and Community Initiatives**
The local government is taking proactive measures by monitoring areas susceptible to landslides, especially with the incoming rainy season in Tijuana. Additionally, preparations for the “Day of the Dead” parade on Avenida Revolución on November 1 are underway, highlighting the city’s rich cultural heritage even in the face of economic challenges.
**Transportation Problem-Solving Initiatives**
Efforts to address public transportation issues for university students, particularly those attending the Autonomous University of Baja California (UABC), are gaining attention. With Tijuana experiencing more pronounced challenges in this arena compared to the rest of the state, ongoing studies aim to provide viable solutions.
**Latest Economic Outlook in the Region**
With the anticipated presentation of the 2025 economic package, the dollar is expected to remain stable, minimizing its impact on the regional market’s volatility. Residents are hopeful that these measures and ongoing economic activity will help stabilize prices and alleviate financial pressures.