Wholesale inflation accelerated 1.5% in January, the highest data in four months

Wholesale inflation accelerated 1.5% in Januarydriven by rise in hydrocarbons prices and chemicals. It was the Greater rises in four months, although the variation remained below the “crawling peg” of the official dollar.

This was reported by the INDEC This Wednesday. It is worth remembering that in December the internal prices index wholesale (Ipim) had risen just 0.8%.

The increases were driven by national products, since Imported increased only 0.5%. This occurred within the framework of the elimination of the country tax, which began to govern as of December 23.

Within domestic items, primary products rose 2.1%, fundamentally traction by a 4.1% rise in the oil and gas division. In parallel, manufactures exhibited an increase of 1.4%; In this case were the Chemical substances and products those who pressed the most, with a 3.1% variation.

In dialogue with this media, the director of the Analytica consultancy, Claudio Capraulodo not see this acceleration for the moment with concern, although he clarified that the data “shows that the challenge of deepen the disinflation process is no lower“.” Primary products where prices are largely determined abroad marked strong increases. Price monitoring in February is important to understand whether January was a particular case or marks a new trend “he deepened.

In interannual terms, wholesale prices increased 43.8%. Regarding January 2024, imported products had a deflation of 2.1%, while nationals grew 49%.

Retail inflation had slowed down in January

A countermean of the wholesaler, The consumer price index (CPI) climbed 2.2% in Januarybelow 2.7% in December. Likewise, the interannual was 84.5%.

Particularly a Fall in clothing prices During the month in question, fundamentally as a consequence of the change of station. To a lesser extent, economists also marked the incidence of the greatest opening of imports and the fall in consumption.

The deceleration was also partly explained by Merms in public services settingspromptly in housing (with water to the head) and transport. Facing the February number, Greater food increases, particularly in meats, wake up some doubts in specialists regarding the disinflation path is supported.

It should be clarified that the CPI and the IPIM measure different baskets; While the first includes more uncomable products with the outside, the second mainly covers goods that are exchanged with other countries.