he Domestic Wholesale Price Index (IPIM) It rose by 3.1% last July, which is 0.9 percentage points lower than the retail inflation for that month (4%). In this way, the IPIM reached a cumulative increase of 55.2% in the first seven months of 2024, compared to the CPI of 87%. However, the index recorded an acceleration compared to the previous month: in June, the IPIM recorded a growth of 2.7%.
As can be seen, the trend towards a decrease in the increase in wholesale values compared to the rest of the prices in the economy has been reinforced. However, if the results of the last twelve months are analyzed, the opposite situation appears. Between July 2023 and the same month of this year, IPIM inflation increased by 270.3%, while general inflation increased by 263.4%, according to data published by the National Institute of Statistics and Censuses (Indec).
If the wholesale price index for July is analyzed in detail, it is noted that the most noticeable increase occurred in domestic products (3.3%), while imported products rose by 1%.
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The other two indicators of wholesale inflation remained virtually unchanged from the June measure, with the IPIB at 2.5 percent and the PPI at 2.6 percent, indicating an increase of barely 0.1 percentage points in the former case and no changes in the latter.
General level The core domestic wholesale price index (IPIB) showed an increase of 2.5%. In the same period. In this case, the variance is explained by the 2.5% increase in “domestic products” and 2.2% in “imported products”. As well as the general level The producer price index rose by 2.6%. In the same period, as a result of a 3.6% increase in “primary products” and 2.3% in “manufactured products and electric energy,” the Indek report said.
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