After two consecutive months in decline, the General Price Index – 10 (IGP-10), measured by the Brazilian Institute of Economics of Fundação Getúlio Vargas (FGV – IBRE), rose 1.19% in November. In the last two months, there were small falls in the price, of 0.31% in October and 0.37% in September. With this new high, the index is accumulated at 17.47% in the year and 19.78% in 12 months.
With the successive increases of fuels, the category became the main driver of this increase in the IGP-10. The price of diesel went from 3.60% to 10.10%, and that of gasoline rose from 0.57% to 10.31% in the broad assessment.
Some commodities that had a drop in price contributed to not leaving the index so high.
“Fuels contributed to the acceleration of the IGP-10 rate. Diesel and Gasoline prices advanced significantly in the IPA (Broad Price Index). The producer index rate did not rise further, due to the fall registered in the prices of important agricultural commodities such as, for example, cattle (-4.11% to -8.46%), corn (-4.99% to -4. .63%) and soy (-0.16% to -1.39%)”, said André Braz, coordinator of the FGV Price Index.
In the Broad Producer Price Index (IPA) there was an increase of 1.31% in November. In the previous month, it had registered a drop of 0.77%.
The Consumer Price Index (IPC) rose 0.79% in November. In October, the increase was 1.26%. Four of the eight classes of expenditure assessed in the analysis recorded a decrease in their rates of change: Education, Reading and Recreation (3.50% to 0.05%), Housing (1.67% to 0.36%), Food (1. .30% to 0.81%) and Communication (0.35% to 0.33%).
The highlights for these drops are mainly due to the following items: airfare (28.66% to -0.42%), residential electricity tariff (5.41% to 0.06%), fruit (5.37% to -1.82%) and telephony, internet and pay TV combo (0.70% to 0.07%).
The biggest influences for the rise in prices were identified in the following groups: Transport (1.23% to 2.17%), Clothing (0.40% to 0.87%) and Health and Personal Care (0.10% to 0.29%).
*(Intern under the supervision of Paula Martini)
Reference: CNN Brasil
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
