Wholesale prices slowed down sharply and in the first quarter accumulated 37% compared to an inflation of 51.6% between January and March.
The wholesale prices slowed sharply to 5.4% in March and in the first quarter of the year it accumulated a 37% In front of one monthly inflation of the eleven% and of 51.6% in the first three months of the year, according to the National Institute of Statistics and Censuses (INDEC).
The advance of the wholesale prices was a consequence of the rise in 6.2% in “National products”partially offset by the decrease in 1.7% in “Imported Products”.
Meanwhile, the general level of Basic wholesale domestic price index (IPIB) showed an increase of 4.9% in the same period. In this case, the variation is explained by the 5.6% increase in “National products”partially offset by the decrease in 1.7% in “Imported Products”.
Also, the Basic Producer Price Index (IPP) recorded an increase of 5% in the same period, as a consequence of the rise in 5.1% in “Primary Products” and of 5% in “Manufactured products and electrical energy”.
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Source: Ambito
