Commodity and input prices fall and IGP-10 rises in February, says FGV

The General Price Index-10 (IGP-10) had a positive change of 0.02% in February, after increasing 0.05% in the previous month, amid the fall in the prices of commodities and agricultural inputs.

The monthly reading of the indicator released this Wednesday (15) by the Getulio Vargas Foundation (FGV) leads the IGP-10 to accumulate in 12 months a high of 2.26%, against 4.27% in January.

The Extended Producer Price Index (IPA), which measures changes in wholesale prices and accounts for 60% of the general index, dropped 0.14% in February, after falling 0.06% in the previous month.

The highlights were the movements of soybean items (from -1.13% to -3.34%), cattle (from 2.40% to -2.51%) and fertilizers (from -3.05% to -6.19%).

The Consumer Price Index (IPC-10), which accounts for 30% of the general index, increased by 0.55% in the month, from 0.47% in January.

According to the FGV, five of the eight expense classes that make up the index registered an increase in their rates of change: Miscellaneous Expenses (0.10% to 1.77%), Transport (0.06% to 0.52%), Education, Reading and Recreation (1.13% to 1.51%), Housing (0.12% to 0.32%) and Communication (0.73% to 0.99%).

On the other hand, the coordinator of price indices, André Braz, highlighted the falls in services such as airfare (from -0.15% to -3.86%), residential rent (from -0.44% to -0. 55%) and mobile phone tariff (from 0.92% to -0.94%).

The National Construction Cost Index (INCC), in turn, rose 0.33% in February, against a rise of 0.14% in the first month of the year.

The IGP-10 calculates producer, consumer and civil construction prices between the 11th of the previous month and the 10th of the reference month.

Source: CNN Brasil

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