Wholesale prices recorded a sharp slowdown in January at 1.5%

Argentina internal wholesale price index (IPIM) registered an increase of 1.5% in January compared to December, when it was 3.7%, according to the latest data published by the National Institute of Statistics and Census (Indec). The index of internal basic wholesale prices (IPIB) increased 1.7% and that of basic producer prices (IPP) 1.9%. In the year-to-year measurement, wholesale prices rose by 60%.

Wholesale prices increased 58.5% in 2019

Wholesale prices rose 58.5% during 2019, after registering a 3.7% increase in December, according to the National Institute of Statistics and Census (Indec). The index exceeds retail inflation by 4.7%, which was 53.8%. This figure is explained as a consequence of the 4.1% increase in "National Products", partially offset by the 0.4% decrease in "Imported Products".