Wholesale prices increased by 18.0% in January 2024, below that month’s consumer price index of 20.6%. With this move away from the peak of 54% which had marked in December last year, when retail inflation was 25.5%.
According to INDEC, this change in the wholesale index is a consequence of the 19.6% increase in “Domestic products” and 5.1% in “Imported products”.
Although the data shows a sharp deceleration compared to the 54% recorded last December, it still reflects a high level of inflation with an increase of 316.9% relating to January 2023.
In December, the wholesale jump had been directly linked to the devaluation that had brought the official exchange rate to $365 to $650. This time the stability of the official dollar, which moved by just 2.1% in January, worked in its favor: in the first month of the year, domestic products increased by 51.1% and imported ones by 80, 6%.
News in development
Source: Clarin
