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“The industry was affected by the increment of prices of the industry’s main commodities—steel 75 percent, plastic 55 percent, copper 60 percent, aluminum 40 percent, plus an internal inflation of 10 percent (prices of fuel, electricity, etc.). The industry raised their prices in March around 5 to 10 percent in some categories and in November in all categories around 5 to 8 percent.”
Mr. Moreno does not expect the price of commodities to go down, “so product prices may continue to grow an additional 10 percent in the first half of 2005.” He did add that the weakness of the dollar “represents a good opportunity for our exports to USA and Europe...
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