The data comes from an INDEC report. Despite the hit to consumption last year, November saw the most significant monthly increase since May.
Sales in supermarkets recorded a year-on-year drop of 7.6% in November 2024. However, they recorded their most significant monthly improvement since May.
The comparison against November 2023 reflects the blow that mass consumption suffered during the first 12 months of Javier Milei’s Government. Likewise, INDEC data showed that Between January and November, billing experienced a decline of 11.9% versus the same period of the previous year.
At the product level, The main year-on-year declines, in real terms, were seen in electronics, meat and beverages.. At the other extreme, the main increases were seen in cleaning and perfumery items, dairy products, and bakery products.
Regarding payment methods, While the use of cash and debit cards collapsed, credit cards and media classified as “other” rose sharply.. Operations with the latter, which include QR payments, more than doubled the inflation amount of the period.
Compared to October 2024sales grew 1.8%thus recording its first monthly increase in three months.
In wholesalers, sales also fell sharply, but in shopping malls they grew
For its part, Wholesale self-service companies had a year-on-year drop of 10.9% in their turnoveralthough a positive variation of 1.3% in monthly terms. The trend regarding payment methods was similar to that seen for supermarkets.
Unlike supermarkets, electronics products led the annual increases in real terms, followed by clothing and bakery products. Those that fell the most were dairy, meat, and warehouse products.
Contrary to the dynamics of mass consumption, for shopping malls the INDEC communicated a increase in sales, at constant prices, of 3.8%.
Source: Ambito
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