Overview
- Wholesale prices advanced 1.1% in October and are up 21.3% so far in 2025, according to INDEC.
- The monthly wholesale gain reflected a 1.3% rise in domestic products and a 1.4% drop in imported goods.
- Key positive drivers within domestic products were agricultural items, food and beverages, refined petroleum and tobacco, while crude oil and gas weighed negatively.
- Related gauges showed the IPIB up 1.3% and the IPP up 1.7%, driven by a 3.2% increase in primary goods and a 1.1% rise in manufactured goods and electricity.
- The Construction Cost Index for Greater Buenos Aires rose 1.6%, with materials up 2.1%, labor up 1.3% reflecting a UOCRA wage pact, and general expenses up 1.6% after utility tariff and connection-cost updates approved by ENRE, ENARGAS and the public works secretariat.