The IGP-M (General Price Index – Market) recorded a rise of 0.21% in January, after rising 0.45% in the previous month, reported this Monday (30) the Brazilian Institute of Economics of the Getulio Vargas Foundation ( Ibre-FGV).
The monthly result came in line with analysts’ expectations, according to a Reuters poll.
In January 2022, the index had risen 1.82%, up 16.91% accumulated in 12 months.
The index is known as “rent inflation” because it is used to readjust a large part of contracts in the sector.
“The price of raw materials decelerated from 2.09% to 1.55% and, among intermediate goods, whose rate changed from -0.30% to -1.06%, the fall was intensified due to the behavior of fuels and lubricants for production, whose prices dropped even more, going from -2.26% to -5.05%”, says André Braz, Price Index Coordinator, in a release note.
“Against producer inflation, consumer inflation rose from 0.44% to 0.61% in December, due to the readjustment of school and course fees, whose prices rose by an average of 4.55%”, he says. .
*Posted by Ligia Tuon
Source: CNN Brasil
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