Just Published: "Consumer Appliances in Colombia"
Retail volume sales in consumer appliances declined in 2015 due to macroeconomic turmoil in Colombia. The US dollar was no longer cheap, which meant unit prices of imported goods increased, and rampant local currency devaluation added to the upward pressure on prices. Inventories purchased at lower currency exchange rates and efforts by companies to avoid passing on all cost increases to consumers circumvented further volume sales drops. Currency devaluation and an economy pressurised by...
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