The National Institute of Statistics and Censuses (INDEC) revealed the rate of prices wholesalers in March, which were two points below the February measurement, reaching 5.1%. The number is also located, almost three points below retail inflation, which in the third month of the year reached 7.7% in the country.
The economists noted that “Although at first glance a decoupling with the Index of prices to the consumer (CPI), it is important to watch the whole movie”, instead of the photo of the month, since the interannual measurement marked 101.9%”. The gap between the two categories is explained by the fact that the wholesale indices mainly measure goods, while “retailers contemplate services, which are the ones that increased the most,” they detailed.
The increases in the Index of Prices Internal wholesale (IPIM), They have an explanation in the rise of national products of 4.9% and 6.9% in imported products and explained that “it is a measurement that reflects the variation of the costs of imported products in the domestic marketincluding taxes.
He INDEC pointed out that the rise in wholesale prices in March, it was driven by the rise in primary products, which reached 1.5%; manufactured goods that increased 5.9%; imported ones with a rise of 6.9% and electric power that experienced an increase of 7.4%.
Regarding whether the data from the wholesale segment could lead to a drop in retail inflation for the month of April, the specialists pointed out that “This month’s data is showing that food and beverages have been accelerating in the last two weeks”which suggests inflation of around 7% for this month.
