The Domestic Wholesale Price Index (IPIM) reduced its variation for the second consecutive month. Articles from abroad fell 1.4%.
Wholesale inflation slowed to 2% in September, its lowest level since May 2020. The decrease was driven in part by the reduction in the PAIS Tax, which generated deflation in the prices of imported products.
According to data published this Thursday by the INDEChe Wholesale Domestic Price Index (IPIM) It reduced its variation for the second consecutive month. The imported products division presented a reduction in prices of 1.4%as a result of the tax reduction.
Within the basket of items coming from abroad, the greatest weight is chemicals and substances (mainly basic chemicals and pharmaceutical products), general purpose machines and products of the electronics industry.
However, most of the IPIM moves based on the dynamics of the national products. In this segment, he highlighted a increase of just 0.5% in cars and 0.6% in agricultural products, while the items that most drove wholesale inflation upward were those of oil and gasand refined petroleum products.
With these numbers, wholesale prices had their best September since 2017. In the last year they registered an increase in 197.3% and in the accumulated of 2024 the increase is 61.5%.
Retail inflation also eased in September
Last week the INDEC had reported that retail inflation was 3.5% in the ninth month of the year, leaving a year-on-year increase of 209% and a cumulative increase of 101.6% in 2024.
Regulated prices were again the ones that led the increases at the category level, above average inflation at 4.5%, mainly due to the increases in rates of public services.
The recessionthe calm in the exchange markets and the few movements in the food Higher volatility were some of the causes of the slowdown, according to analysts. Regarding the incidence of the PAIS Tax, while some maintain that it did have an influence, others affirm that the impact on the Consumer Price Index was very limited.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
