Inflation: wholesale prices accumulate an annual increase of more than 74%



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In the last twelve months, the overall level of domestic wholesale prices registered an increase of 74.1%, almost 30 points above the Consumer Price Index (CPI). According to the official report in November, Wholesale prices recorded a marginal increase of 0.1%, explained by the increase of 0.2% in domestic products and the 1.3% increase in imported products.

On the other hand, the general level of the basic domestic wholesale price index (IPIB) presented 0.4% each in the same period. In this case, the variation is explained by 0.3% each in national products and 1.3% in imports. The general level of the basic producer price index registered 0.6% of each in the same period, as a consequence of the decrease of 4.7% in primary products and the 1.3% increase in manufactured products and electric energy

In addition, according to the National Institute of Statistics and Census, during the third quarter of the year the investment had one of each 11.2% in relation to the same period of 2017 and a decrease of 8.1% in relation to the second half of 2018 Even as the IMF warned, in 2019 this index will return to red, because it will have a retraction of 9.5%. In this way, the national economy is experiencing its second recession in the last 3 years.

According to the provisional estimate of the Gross Domestic Product (GDP) released by Indec, the last quarter of this year was registered every 3.5% in relation to the same period of the previous year, when affirming that the second consecutive quarter to the low, since in the previous period they had shown a retraction of 4%.

With these numbers, the economic recession will be decreed even by technical data. Meanwhile, with regard to the Gross Domestic Product (GDP), so far it has a cumulative decline of 1.4%, and at the beginning of the year, that is, during the first quarter, registered growth of 3.9%

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