Playa del Carmen, Quintana Roo — Families in Playa del Carmen are being forced to drastically change their spending habits — from clothing to food — as wages fail to keep up with the rising cost of living, residents say.
Consumers report that fruit and vegetable prices are constantly fluctuating in local markets. Elvira Mendoza said the cost of produce is highly unstable: “Tomatoes were 60 pesos per kilogram and dropped to 30; limes fell from 60 to 20 pesos per kilo. But there’s no stability — prices go back up at any moment.”
Asked whether the family budget allows for daily meat consumption, she was blunt: “No, it doesn’t. We have to balance our diet and take advantage when fruits and vegetables are cheaper, looking for deals to stretch the money.” She recalled that a decade ago, incomes covered household expenses and even allowed savings, but now people work just to get by day to day.
Mendoza added that spending cuts also stem from the collapse of the health system: “Public hospitals have a serious shortage of medicines and specialists, forcing us to seek private consultations in an emergency.”
To protect household finances amid inflation and a drop in tourism-related commercial activity, accountant Marcos Basilio Pérez recommended strict financial strategies. He advised creating an emergency fund covering three to six months of basic expenses, diversifying income sources, and paying off credit card debt immediately.
“We must change many habits to get ahead. Cancel unnecessary subscriptions, avoid eating out and impulse purchases. Prioritize essentials and review income and expenses monthly. Interest rates tend to rise during crises, so avoid unnecessary loans or variable-rate debt before the situation worsens,” Pérez said.
