The IGP-M (General Price Index – Market) had deflation of 0.56% in November, after falling 0.97% in the previous month, reported this Tuesday (29) the Brazilian Institute of Economics of the Getulio Vargas Foundation (Ibre-FGV).
The financial market expected a drop of 0.38% in the month, according to a Reuters poll.
With this result, the index accumulates an increase of 4.98% in the year and 5.90% in 12 months. In November 2021, the index increased by 0.02% and accumulated a 17.89% increase in 12 months.
The index is known as “rent inflation” for being used to readjust a large part of contracts in the sector.
“The IGP-M recorded a less intense drop in this calculation. Contributions to the acceleration of the index rate came from its three component indices. In the producer index, soy was the main highlight, recording a rise of 1.25%, compared to a fall of 0.66% in the previous month. In the IPC, the main contribution to the acceleration of the index came from gasoline, whose rate changed from -3.74% to 1.58%. Finally, in the field of construction, the pressure for the acceleration of the index came from the workforce, whose rate increased from 0.31% to 0.53%”, says André Braz, coordinator of price indices.
*Under update / published by Ligia Tuon
Source: CNN Brasil
A journalist with over 7 years of experience in the news industry, currently working at World Stock Market as an author for the Entertainment section and also contributing to the Economics or finance section on a part-time basis. Has a passion for Entertainment and fashion topics, and has put in a lot of research and effort to provide accurate information to readers.
