untitled design

IGP-DI rises 0.06% in January; rate in 12 months hits the lowest in 3 and a half years

The General Price-Internal Availability Index (IGP-DI) started 2023 with a rise of 0.06% in January, after rising 0.31% in December, and the accumulated rate in 12 months fell to the lowest level in almost three years and quite.

The monthly data released this Tuesday by the Getulio Vargas Foundation (FGV) was well below the expectation in a Reuters poll of an increase of 0.30%.

As a result, the index began to accumulate in 12 months an increase of 3.01%, the lowest interannual rate since September 2019, when it was at 3%.

“The main contribution to the deceleration of the IGP-DI came from producer inflation which, in this edition, accumulates a high of 1.89% in 12 months, the lowest since March 2018, when it fell 0.48%”, highlighted André Braz, coordinator of price indices.

In the month, the Extended Producer Price Index (IPA-DI), which accounts for 60% of the overall indicator, fell 0.19%, up from 0.32% in the previous month.

According to Braz, important commodities recorded a significant drop for producers, especially beef (from -0.44% to -1.82%) and poultry (from -2.26% to -3.36%).

The pressure for the consumer in September, on the other hand, increased, since the Consumer Price Index (IPC) — which accounts for 30% of the IGP-DI — accelerated the rise to 0.80% in the period, from 0 .35% in December.

In the IPC, the highlights were Education, Reading and Recreation (-0.07% to 3.28%), Transport (-0.07% to 0.92%) and Miscellaneous Expenses (0.03% to 0.97 %).

The National Construction Cost Index (INCC), in turn, registered an acceleration of high to 0.46% in January, from 0.09% before.

The IGP-DI calculates producer, consumer and civil construction prices between the 1st and the last day of the reference month.

Source: CNN Brasil

You may also like

Get the latest

Stay Informed: Get the Latest Updates and Insights

 

Most popular