Wholesale Inflation in April Jumped to 2.8% Boosted by Ups in Imported Products

At the same time, the construction sector showed a slight increase in costs, with a fall in registered employment. Wholesale inflation recorded an increase of 2.8 per cent in April driven mainly by the rise of 6 per cent in imported products, according to the latest report published by the National Institute of Statistics and Censuses (Indec). This increase marks an acceleration compared to the previous month, when the index had registered an in…

The month of March was a hard blow for La Libertad Avanza, since it recorded an increase of inflation by 3.7% becoming the highest of the last seven months and in April the decrease of 2.8% gave him greater tranquility to continue with his economic plan that is commanded by Luis Caputo, Minister of Economy of the Nation. Despite this, the fall of the mass consumption declined again and, after the removal of the restrictive exchange rate measure,…

In the first four months of the year there was a 7.8% rise in wholesale prices, while the year-on-year increase was 25.5%.

The increase was the largest since last August, according to Indec. Changes in the exchange rate scheme and devaluation were key. Imported product prices climbed 6% and domestic prices, 2.6%. Although the weighting for the calculation is different than for the CPI, the increase could influence retail inflation. Milei boasted [...] The post Wholesale inflation rose 2.8% in April and ignited alarms appeared first on Trade and Justice.

In April the imports pushed the rise by the rise of the wholesale dollar. The cost of construction grew less than inflation.

At the same time, the construction sector showed a slight increase in costs, with a fall in recorded employment. In general, inflation increased by 2.8 per cent in April, driven mainly by the rise of 6 per cent in imported products, according to the latest report published by the National Institute of Statistics and Censuses (Indec). This increase marks an acceleration compared to the previous month, when the index had increased by 1.5 per cent.…