date:Feb 20, 2023
According to Grupo Kuo's quarterly report, Herdez del Fuerte, a producer of purees, sauces, and guacamole, increased its prices to compensate for inflationary pressures during the fourth quarter of 2022, such as the increase in the cost of raw materials like avocado, which increased by 43%.
Mexico and the United States, two markets where Herdez del Fuerte operates, have faced inflation levels that at the end of the year stood at 7.82% and 6.5%, respectively.
According to the report, during the