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The president of Argentina, Javier Milei, obtained another economic victory on Tuesday, June 17, after the data showed that wholesale prices fell in May for the first time since the peak of the pandemic, which added to his momentum before the mid-term elections in October. The producer price index (IPP) fell 0.3 percent since April and rose 22.4 percent year-on-year, according to data from the National Institute of Statistics. This represents a …
The lowest year-on-year variation since December 2017 was also recorded. Imported products fell by 4.1%
They dropped by 0.3% in May, according to Indec. Although by 2020 they had already exhibited deflation, even greater, if the year of the pandemic is excluded, it is necessary to go back to 2008 to find a similar result.It was key the strong decrease of imported products The wholesale price index noted a decrease [...] The post Wholesale prices recorded the greatest deflation since 2008 appeared first on Trade and Justice.
The INDEC showed a deflation of 0.3 percent, driven by a 4% collapse in products that come from abroad and condemn local industry.
In turn, the Internal Wholesale Price Index (IPIM) recorded an increase of 22.4% at year-on-year level and accumulated 7.4% in 2025.
The National Institute of Statistics and Censuses (INDEC) of Argentina published on Tuesday the wholesale price index corresponding to May, which fell by 0.3% in relation to April."Thanks to Luis Caputo and to your entire team for such a task," said President Javier Milei on social networks.As with the CPI, in the Government they expected the data to reflect a significant decrease in relation to April.The May figure was a consequence of the posi…
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