This is the index system wholesale price and construction cost indexin both cases corresponding to May.
According to the latest official data, Wholesale prices have registered a significant slowdown in April: In that month they rose 3.4%, well below the peak recorded in December of last year, with 54%.
The INDEC detailed that the April variation is a consequence of the 3.8% increase in “domestic products” and 0% in “imported products.” The interannual variation of wholesale prices was, in April, 316.5%.
At that time, President Javier Milei celebrated the drop in this indicator through his social networks: “VAAAAAAAAMOOOOOO TOTO…!!!Wholesale Prices by 3.4% and falling from that 54% in the month of December.. “LONG LIVE FUCKING FREEDOM”.
Wholesale prices constitute a key statistic because they are an indicator of inflation at the producer level and, consequently, can predict the behavior of consumer prices.
On the other hand, the cost of construction corresponding to April registered an increase of 4% compared to the previous month, as a result of an advance of 2.9% in the “Materials” chapter, of 5% in the “Labor” chapter. work” and 5.7% in “General expenses”, according to INDEC.
Source: Ambito
