Overview
- August readings show wholesale grocers down 8.4% year over year, while supermarkets posted a 0.34% annual uptick with a 0.23% monthly drop.
- By July, wholesale sales were roughly 35% below the level at the start of the Milei administration and supermarket sales were about 27% lower.
- Since December 2023, accumulated contractions reached about 21% in wholesale outlets and 9% in supermarkets.
- Payment patterns shifted between December 2023 and May 2025, with credit cards rising from 39% to 45% of supermarket purchases as debit fell from 34% to 26%, cash from 20% to 16%, and e‑wallets increased from 7% to 13%.
- Consumer‑credit delinquency climbed to 6.2% in July 2025, up 147% since the government began, and the UBA warns the trend is likely to persist given electoral volatility and skepticism over the economic plan.