:quality(85)//cloudfront-us-east-1.images.arcpublishing.com/infobae/MYJK476VFBE6VE5B23V5WMIANI.jpg "The school basket will cost up to 40% more than in the pre-pandemic campaign due to inflation")
This year, the value of school basket will have a 30% to 40% increase from pre-pandemic during the campaign’Back to school’ of the ‘Back to college due to the effects of social upheaval in Peru, reported the Lima Chamber of Commerce (CCL).
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The sale of this type of vehicle got off to a good start this year due to the arrival of new brands and a greater variety of models.
This increased cost of School supplies would be due to imports, as well as inflation already above 8%, according to figures from the National Institute of Statistics and Informatics (INEI).
“This limits the purchasing power of families who will be forced to do without certain products that make up the school basket such as stationery, textbooks, shoes, overalls and uniforms,” said the President of the Small Business Association (COPE) of the CCL, Rodolfo Ojeda.
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The former Minister of Economy and Finance pointed out that these new withdrawals from the pension fund harm the profitability of Peruvian Treasury bonds, which would cause greater tension for foreign investors who have capital in Peru.
Similarly, Ojeda pointed out that the school basket It includes an average of 20 to 30 items per student, ranging in value from S/200 to S/800. This includes a complete kit including school supplies and textbooks, shoes (sneakers) and uniforms (divers).
“And although the number of articles has decreased due to the question of educational virtualityl, the value of these products has steadily increased in recent months,” the executive commented.
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The board of directors of the monetary entity decided to maintain the reference rate at 7.5% in February. However, he clarified that this pause does not necessarily imply the end of the upward cycle of this indicator.
In addition, he pointed out that due to the current situation, this year’s school campaign could represent 20% of the annual sale of the micro and small enterprises (mypes)whereas it was 30% in previous years.
In this sense, the trade union estimated that the sales of the mypes in this campaign “they did not take off”, since they would have reached only 700 million S/, a figure lower than the 1,400 million S/ reported in 2019 (-50%).
In the same way, because of this social crisis, the mypes have been affected by less funding in this school campaignsince it is estimated that the disbursement for the working capital of microfinance institutions would have decreased by 50%.
“For example; In 2019, the communal savings banks granted mypes for school campaign about S/3,500 million. However, for this year, this value would barely reach S/ 1,750 million, given that financial entities are more cautious due to the political uncertainty“said Ojeda.
Moreover, to make a certain profit, the President of the Small Business Guild He argued that the majority of mypes chose to lower the prices of school supplies in order to cover their fixed costs such as rent, labor, among others.
With regard to the active population, it was expected for this school campaign the generation of many temporary jobs with a projection of 5,000 jobs, the aforementioned recruitments being today an uncertainty.