After the economic victory of the national government with the drop in inflation in May, which stood at 4.2%, the National Institute of Statistics and Census (INDEC) will announce this Tuesday the data of wholesale prices and construction cost.
The wholesale prices, were downward in April and now in May from Casa Rosada they predict that the number will not rise too much. In the fourth month of the year, That section recorded a slowdown of 3.4% compared to the peak of 54% last December.
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It is worth mentioning that, the wholesale prices They are a key economic factor within the dissemination calendar of the INDEC since they are an indicator of the inflation in terms of production, so can predict the behavior of the monthly consumer price index.
Proof of this was the effusive message he left Milei on their social networks when the loss of the wholesale prices in April. “VAAAAAAAAMOOOOOO TOTO…!!!Wholesale Prices at 3.4% and falling from that 54% in the month of December…LONG LIVE FUCKING FREEDOM,” wrote the President, with a message of encouragement to his Minister of Economy Luis Caputo.
As for the costs of the constructionin April INDEC registered a rise of 4% compared to March. In the report, the state agency showed an advance of 2.9% in the “Materials” chapter, 5% in the “Labor” chapter and 5.7% in “General expenses.”
It is necessary to emphasize that the data of wholesale prices and the construction cost They arrive days after the INDEC has announced that the Consumer Price Index (CPI) in May had a deceleration of 4.6 percentage points compared to April and stood at 4.2%while The accumulated inflation for the five months of 2024 reached 71.9%.
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In that sense, the division with the greatest monthly increase in May was Communication (8.2%), due to increases in telephone and internet services, accompanied by the sector Education (7.6%), which registered increases at all educational levels.
In this way, the Monthly inflation recorded its lowest number since January 2022. Meanwhile, the year-on-year variation in inflation also registered a marked deceleration and stood at 276.4%.
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