The General Price Index-Internal Availability (IGP-DI) dropped 0.38% in July, according to data released this Friday (5th) by the Getulio Vargas Foundation (FGV).
The result comes after the indicator rose 0.62% in June, with a decline in the prices of major commodities.
Now, the index accumulates high of 7.44% in the year and 9.13% in 12 months. In July 2021, the IGP-DI had risen 1.45% and accumulated a 33.35% increase in 12 months.
“The declines seen in the prices of major commodities – iron ore (from -1.63% to -12.94%), soybean (from -0.81% to -2.27%) and corn (from -3, 30% to -4.98%) – explain the deceleration of producer inflation, which closed down by 0.32%”, said André Braz, coordinator of FGV’s price indices.
“In terms of the consumer, contributions from energy sources prevail, mainly gasoline (from 0.18% to -14.24%) and electricity (from -0.41% to -5.13%)”, he added.
Source: CNN Brasil