FGV’s General Price Index rises 1.98% in February

Inflation measured by the General Price Index – 10 (IGP-10) accelerated by 1.98% in February. The indicator had already risen 1.79% in January. With this result, the rate accumulates a high of 3.80% in the year and 16.69% in 12 months.

The data collected by the Brazilian Institute of Economics of Fundação Getúlio Vargas (FGV-BRE) were released this Tuesday (15).

Despite this, the numbers are lower than the performance of 2021. Last year, in the same period analyzed, the rate had grown 2.97%. In 12 months, the variation was 28.17%.

The research coordinator, André Braz, draws attention to the items that drove growth in the last month.

“The main highlights for the acceleration of the IGP rate are important commodities and fuels, the main ones being: iron ore (8.06%), soy (7.32%), corn (9.22%) and diesel oil ( 7.71%). The contribution of these four main ones accounts for 65% of the IPA result”, he says.

The General Price Index takes into account the average of three other indicators: the Broad Producer Price Index (IPA), the Consumer Price Index (IPC) and the National Construction Cost Index (INCC).

Together, the four items with the highest expression in the entire IGP accounted for 65% of the IPA, which increased by 2.51%. In the previous assessment, the rate increased by 2.27%.

Meanwhile, the CPI rose 0.39% after having increased 0.40% in January. Altogether, three of the eight expense classes assessed declined.

Residential electricity tariff (1.63% to -1.44%), clothing (1.51% to 0.50%) and health plan and insurance (-0.07% to -0.48%) were the greater collaborations of the indicator.

Finally, the National Construction Cost Index (INCC) changed by 0.61%. Of the three subgroups of the category, the grouping of materials and equipment was the only one to fall, with a drop from 0.91% to 0.75%.

On the other hand, services (0.97% to 1.66%) and labor (0.05% to 0.28%) showed a positive performance.

* Under supervision of Camille Couto.