High producer prices in Brazil slows to 1.94% in April, says IBGE

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Producer prices in Brazil rose 1.94% in April, decelerating from a high of 3.12% in March, the Brazilian Institute of Geography and Statistics (IBGE) said on Thursday (2).

The April result, which despite the deceleration is still the second highest in the year, led the Producer Price Index (IPP) accumulated in 12 months to a high of 18%.

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Among the 24 activities analyzed, 18 had price increases, but the IBGE pointed out that the highlight with the greatest variation was the prices in the extractive industry, which fell by 11.54%.

“It is worth noting that both crude oil and iron ore, the two most important products in the sector (extractive industry), had a negative variation, explained by fluctuations in international prices and the appreciation of the real,” he said. the research manager, Alexandre Brandão.

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The IPP measures the price variation of products at the “factory door”, that is, without taxes and freight, in 24 activities in the extractive and transformation industries.

Source: CNN Brasil

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