Supermarket sales in September 2024 dropped by 12.8% compared to the previous year. This decline is part of a broader pattern, with sales falling 11.6% over the past nine months. The seasonally adjusted index also showed a 0.4% decrease from August, indicating a persistent downward trend.Despite the volume decline, total sales reached 1,585,347.2 million Argentine pesos in September. This represents a 173.3% increase in current prices year-over-year. However, this surge primarily reflects the country’s high inflation rather than economic growth.
November 27, 2024
SOURCE: RIO TIMES
Argentine Retail Sales Plummet: Supermarkets Down 12.8%