The wholesale price index climbed 6.1% in December and amassed a 94.8% increase over the past year, the National Institute of Statistics and Census (Indec) reported today.

With this record, the measure of wholesale prices exceeds the retail index of the same month by one percentage point, which closed at 5.1%. However, the two records were tied in the annual change with inflation of 94.8%.

Meanwhile, the cost of construction rose 5.8% in the last month of the year and was up 97.6% in 2022.

In the wholesale segment, Primary products grew by 6% in December; Product 5.4%; imported ones 8%. These increases were offset in statistical terms by a 1% drop in the value of electricity consumed by businesses.

Among primary products, the 10.1% increase in agricultural products, 7.7% in crude oil and gas, 6.8% in non-metallic minerals and a 2.1% decrease in fishing stand out.

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