Fact Check: Wholesale prices in Argentina fell 0.3% for the first time since pandemic peak.

Fact Check: "Wholesale prices in Argentina fell 0.3% for the first time since pandemic peak."

What We Know

In May 2025, Argentina's Wholesale Domestic Price Index (IPIM) recorded a deflation of 0.3% compared to the previous month, marking the first monthly decrease since the peak of the COVID-19 pandemic. This data was confirmed by the National Institute of Statistics and Censuses (INDEC) and highlighted a significant economic milestone, as it was the first decline in wholesale prices since 2008 (source-2, source-5). The decline was primarily driven by a 4.1% drop in the prices of imported products, while domestic product prices remained relatively stable (source-3).

Analysis

The claim that wholesale prices in Argentina fell by 0.3% for the first time since the pandemic peak is substantiated by multiple credible sources. The INDEC's report indicates that this deflation is a historic event for the Argentine economy, as it represents the first monthly decline in wholesale prices since the current IPIM series began in January 2016 (source-5). Furthermore, the year-on-year increase in the IPIM was reported at 22.4%, the lowest since December 2017, indicating a significant shift in the inflationary trends that have plagued the country for years (source-2).

The sources used in this analysis are reliable, as they include reports from established news organizations such as Bloomberg and data from Argentina's national statistics agency. However, it is important to note that the political context surrounding these figures may introduce some bias. President Javier Milei's administration has been keen to promote economic stabilization efforts, which could influence how such data is presented (source-4). Despite this potential bias, the statistical data itself is verifiable and corroborated by multiple independent reports.

Conclusion

The claim that wholesale prices in Argentina fell by 0.3% for the first time since the pandemic peak is True. The data from INDEC confirms this deflation, which is a significant economic development for the country, particularly in the context of ongoing inflationary pressures. The evidence from reliable sources supports the assertion, and the context surrounding the data does not detract from its accuracy.

Sources

1. Argentina retail prices seen slipping under double digits in ...
2. Milei Cools Argentina Wholesale Inflation to Lowest Since ...
3. Wholesale Prices Had Deflation of 0.3% in May, Something ...
4. Bloomberg - X
5. Argentina recorded wholesale deflation in May
6. Monthly inflation drops to 1.5% – lowest level in five years
7. Exploring Latin America's Real Estate Markets: Argentina
8. Argentina