fell 13.8% year-on-year in January

fell 13.8% year-on-year in January

2024-03-21 23:00:00

He National Institute of Statistics and Censuses (Indec) made knownr this followingnoon the report on sales in supermarkets. There it was announced that During the first month of 2024 the figure fell by 13.8% as a consequence of the devaluation of the peso that was transferred to the price of food.

As reported by the entity in January 2024, The sales index showed a large drop compared to the same month last year. TOThey also detailed that this year, “the seasonally adjusted series index shows a negative variation of 3.4% compared to the previous month and the trend-cycle series index registers a negative variation of 1.6% compared to the previous month.”

As explained The average purchase ticket reached only $13,857, showing a panorama of lower purchasing power on the part of consumers. It should be noted that a factor that influences the drop in sales is the increase in products in stores.

They also pointed out that the same index for self-service also showed a drop of 8.1% year-on-year, while for shopping malls the decrease was 21.3%compared to the same month last year.

On the other hand, these indices are added to those reported by the Argentine Chamber of Medium Enterprises (CAME), which had reported a 28.5% year-on-year drop in retail sales.



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