Wholesale inflation hit 6.1% in December, one point above the retail index

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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.

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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.

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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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Source: Clarin

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