Inflation: Wholesale price increases accelerated in July

The overall level of the Domestic Wholesale Price Index (IPIM), which measures wholesale inflation , registered a 2.8% increase in July 2025 compared to the previous month, as a result of a 2.6% rise in "Domestic Products" and a 5.7% rise in "Imported Products."

The July increase is above the CPI (1.9%), according to INDEC . Furthermore, it surpasses the increase recorded the previous month, when the IPIM rose 1.6%, with a 1.7% increase in domestic products and a 1.3% increase in imported products. In a year-over-year comparison, the report states, wholesale prices rose 20.9% in July and have accumulated a 12.3% increase so far this year.

Among "domestic products," the most notable increases were those of fishery products (5.7%) and agricultural products (4.2%), as well as electrical machinery and appliances (6.1%), chemical substances and products (4.9%), and refined petroleum products (3.9%). Textiles rose 2.3%, and food and beverages 1.1%.

On the other hand, the overall level of the Basic Domestic Wholesale Price Index (BWPI) showed a 3.0% increase over the same period. This is explained by a 2.8% increase in "Domestic Products" and a 5.8% increase in "Imported Products."

Likewise, the overall Core Producer Price Index (CPI) increased by 3.0% over the same period, reflecting a 2.9% rise in "Primary Products" and a 3.0% rise in "Manufactured Products and Electricity."