The General Index of Prices-Internal Availability (IGP-DI) fell by 1.22% in September, compared to a decline of 0.55% in the previous month, informed the Brazilian Institute of Economics of the Getulio Vargas Foundation (Ibre/FGV), this Thursday (6).
As a result, the index accumulates a high of 5.54% in the year and 7.94% in 12 months. In September 2021, the index had fallen by 0.55% and had accumulated a high of 23.43% in 12 months.
The IGP-DI is composed of the Broad Producer Price Index (IPA), with a weight of 60% in the index; the Consumer Price Index (IPC), with a weight of 30%, and the National Construction Cost Index (INCC), representing 10%.
“Commodity and fuel prices continue to drive the IPA and CPI deceleration. However, the IPA anticipates a greater contraction of inflationary pressures”, said André Braz, coordinator of price indices, in a press release.
The expert points out that, in September 2021, 69% of the items that make up the IPA were rising in price, in September 2022, the percentage dropped to 30%. In the CPI, the number of items with a price increase also decreased, from 65% in September 2021 to 58% in September 2022.
The IPA fell 1.68% in September, down from 0.63% in the previous month.
One of the highlights for the result was the stage of Gross Raw Materials, which intensified the fall in its rate of change from -0.04% in August to -1.95% in September.
“The following items contributed to this movement: in natura milk (10.84% to -6.92%), sugarcane (-0.13% to -1.14%) and poultry (1.04% to -1.42%). On the other hand, it is worth mentioning iron ore (-3.80% to -3.27%), soybeans (-1.30% to -0.92%) and coffee beans (-0.94% to -0.58%)”, says the study.
The CPI increased by 0.02% in September, after falling by 0.57% in August. Four of the eight classes of expense components of the index registered an increase in their rates of change: Education, Reading and Recreation (0.46% to 4.36%), Transport (-3.56% to -2.63%), Housing (-0.09% to 0.40%) and Communication (-1.03% to -0.52%). In these expense categories, it is worth mentioning the behavior of the following items: airfare (2.07% to 23.75%), gasoline (-11.62% to -8.68%), residential electricity tariff (-2, 33% to -0.07%) and mobile phone tariff (-2.26% to 0.13%).
On the other hand, the groups Food (0.07% to -0.29%), Miscellaneous Expenses (0.36% to 0.04%), Health and Personal Care (0.77% to 0.59%) and Clothing (0.53% to 0.38%) showed a decrease in their rates of change. These expense classes were influenced by the following items: dairy products (2.64% to -4.86%), cigarettes (2.45% to 0.28%), hygiene and personal care items (1.65% to 0 .49%) and clothing (0.69% to 0.24%).
O(INCC recorded in September the same rate of change as in the previous month, of 0.09%. The three groups that make up the INCC recorded the following changes from August to September: Materials and Equipment (-0.21% to -0 .31%), Services (0.46% to 0.34%) and Labor (0.28% to 0.39%).
Source: CNN Brasil
Joe Jameson, a technology journalist with over 2 years of experience, writes for top online news websites. Specializing in the field of technology, Joe provides insights into the latest advancements in the industry. Currently, he contributes to covering the world stock market.