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IGP-10 drops 0.59% in November after falling 1.04% in the previous month, says FGV

The General Price Index – 10 (IGP-10) retreated 0.59% in November after registering a drop of 1.04% in October, informed the Getulio Vargas Foundation (FGV) this Thursday (17).

The market expectation was for a fall of 0.55%, according to a Reuters poll.

With this result, the index accumulates an increase of 5.70% in the year and 5.55% in 12 months. In November 2021, the index had risen 1.19% in the month and had accumulated an increase of 19.78% in 12 months.

“In this calculation, the three component indices of the IGP registered an increase in inflation. The producer index showed a less intense drop, given the current stability of fuel prices. At the consumer level, inflation accelerated, reflecting the rise in food prices. And, finally, in civil construction, there was a stronger increase in the prices of services and labor”, says André Braz, coordinator of price indices.

The Extended Producer Price Index (IPA), which measures changes in wholesale prices and accounts for 60% of the general index, dropped 0.98% in November, after falling 1.44% in the previous month.

The Consumer Price Index (IPC-10), which accounts for 30% of the general index, accelerated to 0.67% in the month, from 0.17% in October, with the Transport group leaving behind the fall of 2.17% to rise 0.47% in November.

The National Construction Cost Index (INCC), in turn, rose 0.19% in November, above the rate of 0.01% in the previous month.

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

/ Published by Ligia Tuon

Source: CNN Brasil

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