IGP-10 rises 1.79% in January with commodities; pressure on consumer decreases

The General Price Index-10 (IGP-10) started 2022 under the influence of important wholesale commodities and rose 1.79% in January, after falling 0.14% in December, the Getulio Vargas Foundation (FGV) reported this Monday. thursday (17).

In the first month of the year, the Broad Producer Price Index (IPA), which measures the change in wholesale prices and accounts for 60% of the general index, rose 2.27%, against a drop of 0.51% in December.

“The accelerations observed in the prices of iron ore (from -19.28% to 24.56%) and of soybeans (from -3.41% to 2.92%), items with greater weight in the producer index, guided the the advance of the IPA rate, the index with the greatest influence on the IGP-10”, explained André Braz, coordinator of price indices, in a note.

Among the groups that make up the IPA, the highlight was Gross Raw Materials, which jumped 5.43% in January, leaving behind the 3.78% drop recorded in the last month of 2021.

But the Consumer Price Index (IPC-10), which accounts for 30% of the general index, saw the rise slow to 0.40% in January, from 1.08% in December.

The Transport group started to fall 0.26% this month, after jumping 2.49% in December, reflecting a 1.61% drop in fuel and lubricant prices.

The National Construction Cost Index (INCC) was up 0.50% in the period, after rising 0.54% in December.

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

Reference: CNN Brasil

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