# Argentina Changes in inventories, 2004 prices (INDEC Oferta y Demanda Globales)

Argentina Changes in inventories, 2004 prices (INDEC Oferta y Demanda Globales) was down 34.1% year on year in Q4 2025, compared with 16.6% in Q3 2025.
The level stood at −10,289 ARS million at 2004 prices.
That is the lowest reading since Q3 2024.
Over the past ten years it has ranged from −159.5% (Q2 2018) to 20,494.8% (Q3 2017), averaging 1,030.7%.

- Source agency: INDEC
- Makrognosis code: `AR.INVENTORIES.Q.REAL`
- Frequency: quarterly
- Units: ARS million at 2004 prices
- Coverage: 2004-01-01 to 2026-04-01 (90 observations)
- Page: https://makrognosis.robomacro.com/data/argentina/changes-in-inventories-2004-prices-indec-oferta-y-demanda-globales

## Recent data

| Period | Value | Y/Y % |
|---|---:|---:|
| Q2 2026 | −10,289 ARS million at 2004 prices | — |
| Q1 2026 | −30,752 ARS million at 2004 prices | — |
| Q4 2025 | 17,704 ARS million at 2004 prices | −34.1 |
| Q3 2025 | 19,392 ARS million at 2004 prices | 16.6 |
| Q2 2025 | −1,008.6 ARS million at 2004 prices | — |
| Q1 2025 | −19,278 ARS million at 2004 prices | — |
| Q4 2024 | 26,848 ARS million at 2004 prices | −11.0 |
| Q3 2024 | 16,625 ARS million at 2004 prices | −47.2 |
| Q2 2024 | −9,485.3 ARS million at 2004 prices | — |
| Q1 2024 | −29,379 ARS million at 2004 prices | — |
| Q4 2023 | 30,180 ARS million at 2004 prices | 790.7 |
| Q3 2023 | 31,512 ARS million at 2004 prices | 40.9 |
| Q2 2023 | −36,051 ARS million at 2004 prices | — |
| Q1 2023 | −8,051.1 ARS million at 2004 prices | — |
| Q4 2022 | 3,388.4 ARS million at 2004 prices | −81.7 |
| Q3 2022 | 22,366 ARS million at 2004 prices | 484.4 |
| Q2 2022 | −7,371.0 ARS million at 2004 prices | — |
| Q1 2022 | −10,285 ARS million at 2004 prices | — |
| Q4 2021 | 18,496 ARS million at 2004 prices | −35.4 |
| Q3 2021 | 3,827.4 ARS million at 2004 prices | 38.1 |
| Q2 2021 | −4,393.8 ARS million at 2004 prices | — |
| Q1 2021 | −16,382 ARS million at 2004 prices | — |
| Q4 2020 | 28,647 ARS million at 2004 prices | 350.3 |
| Q3 2020 | 2,771.3 ARS million at 2004 prices | — |

## API

```
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/AR.INVENTORIES.Q.REAL"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/AR.INVENTORIES.Q.REAL",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```