Consumer prices cooled and the rise in the General Price Index-10 (IGP-10) slowed to 0.60% in July, against 0.74% in the previous month, data from Fundação Getulio Vargas (FGV) showed this Monday. fair (18).
The expectation in a Reuters poll was that the index would rise 0.46% in the month. With the result of July, the IGP-10 started to accumulate advance in 12 months of 10.87%.
The Consumer Price Index (IPC-10), which accounts for 30% of the general index, rose 0.42% in the month, after rising 0.72% in the previous month.
According to André Braz, coordinator of price indices, the deceleration was motivated by falls in the costs of gasoline (-1.49%) and energy (-1.45%), which partially reflected the reduction in ICMS.
On the other hand, the Broad Producer Price Index (IPA), which measures the change in wholesale prices and accounts for 60% of the overall index, accelerated the rise to 0.57% in July, from 0.47% earlier.
Producer inflation advanced under the influence of food and fuel prices, said Braz, highlighting the surges of 16.30% for industrialized milk and 10.91% for diesel.
According to the specialist, the rise in the IPA was not stronger due to the fall in the prices of important commodities – such as iron ore, corn and cotton – in the face of international fears of recession.
The National Construction Cost Index (INCC) rose 1.26% in July, after advancing 3.29% in June.
The IGP-10 calculates producer, consumer and civil construction prices between the 11th of the previous month and the 10th of the reference month.
Source: CNN Brasil
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