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Wholesale inflation in January fell to 18% after peaking at 54% in December

2024-02-19T20:20:40.726Z

Highlights: Wholesale inflation in January fell to 18% after peaking at 54% in December. Private analysts estimate that the slowdown will continue in February. 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%. 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.


The retail data for the first month of the year had been 20.6%. Private analysts estimate that the slowdown will continue in February.


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%.

News in development


Source: clarin

All business articles on 2024-02-19

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