đŠđ· ARGENTINA RETAIL SALES: NOMINAL vs REAL REALITY (JAN 2026) đđ
Argentinaâs retail data shows a strong disconnect between prices and purchasing power.
YoY â Nov 2025
âą Nominal sales: +17.3% (â from 15.1% in Oct)
âą Real sales (inflation-adjusted): -2.3%
â Demand still contracting in real terms, despite slower decline than October (-4.7%)
Top Nominal Gainers (Current Prices):
⹠Furniture & Home Décor: +41.9%
âą Bookstores & Stationery: +39.8%
âą Food & Kiosks: +37.8%
âą Toys: +27.2%
Regional Breakdown:
âą Buenos Aires City: +20.8%
âą Greater Buenos Aires: +16.9%
Big Picture:
High inflation continues to inflate headline growth, while consumer purchasing power remains under pressure. Real demand contraction eased late-2025, but recovery is not here yet.
đ Watch 2026 inflation trends â real retail growth depends on price stability, not sales value.
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