Although at the monthly level the statistical record had a fall of 1.36%, so far this year it has accumulated a rise of 3.19%.
He Statistics National Institute (INE) reported that the Producer Price Index of National Products (IPPN), which estimates the evolution of the prices of goods produced in the country destined for the domestic market, fell 9.04% year-on-year in May.
With this, the IPPN registered a setback at the monthly level of 1.16% (April-May), but a positive cumulative annual variation of 3.19% for the period between December 2022 and May 2023. The General Index stood at 283.50 pointswhen in May 2022 it was 311.66 points.
These records are very different from those that were presented in May 2022where at the month-on-month level there had been a rise of 1.23%, another of 11.31% in the annual accumulated, and year-on-year prices had skyrocketed up to 21.77%.
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The groups with the highest incidence in the IPPN
In addition to the price of interbank dollarwhich continued to operate below the 39-peso range, among the groups with the highest incidence this month is the section of “ Agriculture, Cattle raising, Hunting and Forestry” with a monthly fall of 4.92% impacting in a setback of 1.74% in the variation of the General Index.
For its part, the section “Manufacturing industry” presented a positive monthly variation of 0.58%, having an incidence of 37 basis points on the behavior of the General Index.
According to the economist jose licandrothe variation in these prices due to a drop in inflation in regards to tradable goods, something that “should continue to put pressure on the reduction of inflation in the Consumer Price Index (CPI),” he said.
At the interannual level, the collapse of up to 19.38% in the prices of the “Agriculture, Livestock, Hunting and Forestry” section stands out, and a skyrocket in the values corresponding to “Exploitation of Mines and Quarries“of 10.35%.
In another order, the prices of the section “Fishing” fell slightly by 0.41% interannual, and those of “Manufacturing Industries” by 2.70%.
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Source: Ambito
