Wholesale inflation rose to 2.8% in April due to a higher increase in imported products.

Wholesale inflation rose to 2.8% in April due to a higher increase in imported products, compared to 1.5% in March, according to a report Monday by the National Institute of Statistics and Census ( INDEC ).

The agency revealed that the overall level of the Domestic Wholesale Price Index (IPIM) registered a 2.8% increase in April 2025 compared to the previous month, due to a 6.0% rise in "Imported Products" and a 2.6% increase in "Domestic Products."

Thus, wholesale price variation in the fourth month of the year is the highest since August 2024, and has accumulated an increase of 7.7% so far in 2025 , while the year-on-year measurement adds up to an increase of 27%.

Wholesale price inflation data for April 2025 from INDEC

Indec

Within "Domestic Products", the divisions with the greatest impact on the IPIM were "Motor Vehicles, Bodies and Spare Parts" (0.31%), "Food and Beverages" (0.27%), "Refined Petroleum Products" (0.23%), "Machinery and Equipment" (0.18%) and "Tobacco" (0.18%).

On the other hand, the overall level of the Basic Domestic Wholesale Price Index (BWPI) showed a 2.8% increase over the same period. In this case, the variation is explained by a 2.5% increase in "Domestic Products" and a 6.1% increase in "Imported Products."

Likewise, the overall Core Producer Price Index (CPI) increased by 2.5% over the same period , driven by a 0.4% rise in "Primary Products" and a 3.4% rise in "Manufactured Products and Electricity."