Wholesale prices
increased 18.0% in January 2024
, below the Consumer Price Index for that month of 20.6%.
With this,
they move away from the peak of 54%
that they had marked in December of last year, when retail inflation had been 25.5%.
According to INDEC, this variation in the wholesale index is a consequence of the 19.6% increase in “Domestic Products” and 5.1% in “Imported Products”.
Although the data showed a strong slowdown compared to the 54% it had shown last December, it still reflects a high level of inflation with
an increase of 316.9%
compared to January 2023.
In December, the wholesale jump had been directly linked to the devaluation that overnight took the official exchange rate from
$365 to $650
. This time the stability of the official dollar, which barely moved 2.1% in January , played in their favor: in the first month of the year, national products rose 51.1% and imported products rose 80.6%.
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